The average monetary market rate (TMM) was 7.50% in August 2025 for the fifth consecutive month, according to the latest statistics published on Friday by the Central Bank of Tunisia (BCT).
Downward trend
The TMM has followed a downward trend since the start of the year, going from 7.99% in January and February to 7.91% in March, before stabilizing 7.50% between April and August 2025. In annual sliding, the TMM also displays a drop: it was 7.99% in August 2024 and 8.00% in August 2023.
This development remains closely linked to the key rate of the BCT, the main monetary regulation tool, which has been maintained at 7.50% for several months, directly influencing the conditions of the monetary market.
Master rate maintained
In March 2025, the BCT decided to reduce its key rate by 50 basic points, going from 8% to 7.5%. A decision that 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.
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.
