The average monetary market rate (TMM) in Tunisia continues on its descending trajectory. According to the latest data published by the Central Bank of Tunisia (BCT), this rate established 7.50 % in April 2025, against 7.91 % in March 2025, and 7.99 % in the months of January and February of the same year.
This drop in TMM is part of a broader dynamic, also observable in annual shift. Indeed, the rate was 7.97 % in April 2024 and 8.01 % in April 2023, which testifies to a tendency to monetary relaxation initiated for several quarters.
This evolution of the TMM is closely linked to the master rate of the Central Bank of Tunisia, the main monetary regulation tool. In March 2025, the BCT decided to reduce its key rate by 50 basic points, going from 8 % to 7.5 %. This decision marks a more flexible orientation of monetary policy, with a double objective: to control inflation and support economic growth in a context of progressive recovery.
By lowering the refinancing cost for banks, the BCT intends to promote a drop in interest rates practiced by financial institutions, which should encourage investment and consumption, while containing inflationary tensions.
The drop in TMM has a direct impact on the cost of credit, especially for businesses and households. A sustainable drop in this rate can make access to financing more affordable, boost the private sector, and support investment projects. However, this softening remains measured, the BCT ensuring not to supply new inflationary pressures.
Economic analysts therefore closely follow the evolution of TMM as an advanced indicator of monetary policy, but also as a signal of the country’s global macroeconomic situation.
