The average money market rate (TMM) remained at 7.49% in October 2025, according to data published by the Central Bank of Tunisia (BCT). This is the second consecutive month that this key monetary policy indicator has remained unchanged, confirming the stability of financial conditions.
Prolonged stability
After five months of stagnation at 7.50% between April and August 2025, the TMM fell slightly in September to settle at 7.49%, a level it has maintained since. This development is part of a downward trend that began at the start of the year, when the rate still reached 7.99% in January and February.
A signal of monetary stability
Year-on-year, the TMM shows a notable decline, since it stood at 7.99% in October 2024 and 8.00% in October 2023. This current stability reflects a slight easing of financing conditions on the interbank market, in a context where the Central Bank seeks to reconcile inflation control and support for economic activity.
The drop in MMR has a direct impact on the cost of credit, particularly for businesses and households. A lasting drop in this rate can make access to financing more affordable, boost the private sector, and support investment projects. However, this easing remains measured, with the BCT taking care not to fuel new inflationary pressures.
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