The board of directors of The Central Bank of Tunisia (BCT)gathered this Wednesday, July 30, 2025, decided to maintain the 7.5 %key interest rate unchanged, according to a press release published after the meeting.
The BCT underlines the continuation of the gradual downward trend of inflation in the second half of 2025. The annual inflation rate should be 5.3 % for the whole year, compared to 7 % in 2024. However, the institution warns that the persistence of stronger than expected inflationary tensions, linked in particular to the rise in international prices of basic products and raw materials, could lead inflation.
The Council considers that the rising risks on the price level remain important, which requires maintaining efforts to anchor inflation permanently on a downward trajectory, in order to bring it back to long -term sustainable levels.
A gradual rebound in the economy
In terms of conjuncture, the available indicators show a gradual recovery of economic growth, after a slight slowdown observed in the first quarter of 2025. This recovery would be supported, according to the BCT, by the revival of dynamism of the main exporting industries and by the vigor of the domestic demand.
In addition, imports continued their upward trend in the second quarter, especially those of raw materials and semi-finished products, testifying to a restart of industrial activity.
