Tunisia policy interest rate
Taux d'intérêt directeur de la Banque Centrale de Tunisie — the rate on the BCT's main refinancing operations (appel d'offres à 7 jours), fixed by the Conseil d'Administration of the BCT under loi n° 2016-35 du 25 avril 2016 portant fixation du statut de la Banque Centrale de Tunisie. The Board holds roughly five statutory meetings a year, of which only some produce a monetary policy decision.
| Current value | 7 percent |
|---|---|
| In force from | 2026-01-07 |
| Official source | BCT — Communiqué de presse du Conseil d'Administration de la BCT, réunion du 30 décembre 2025 : « le Conseil d'Administration de la Banque Centrale de Tunisie a décidé d'abaisser le taux directeur de 50 points de base, le ramenant à 7%, à compter du 7 janvier 2026 » |
| Last verified | 2026-07-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
DIRECTION IS EASING, NOT TIGHTENING. Tunisia held the rate at 8.00% from 2 Jan 2023 (a full two-year plateau at the top of the 2022 tightening cycle), then cut twice by 50bp each: to 7.50% on 26 Mar 2025 (effective 27 Mar 2025) and to 7.00% on 30 Dec 2025 (effective 7 Jan 2026). The BCT Rapport annuel 2025 (p. « Politique monétaire ») describes this as « la fin d'un cycle de relèvement des taux directeurs engagé depuis 2022 ». The same 30 Dec 2025 decision set the 24-hour lending facility at 8% and the deposit facility at 6%, and lowered the minimum remuneration of savings (taux de rémunération de l'épargne, TRE) to 6% — the TRE is a separate administered rate and must not be confused with the taux directeur. HELD at 7.00% at every 2026 decision so far: 11 Feb 2026, 30 Mar 2026 (communiqué id=1239, citing inflation back up at 5.0% in Feb 2026 and Middle East energy pressures) and 3 Jun 2026 (communiqué id=1251, latest decision as of confirmation; headline inflation 5.5% in Apr 2026, core 5.0%, « les pressions inflationnistes externes se sont récemment accentuées »). No Board monetary-policy decision has been published between 3 Jun 2026 and 24 Jul 2026 — the only BCT items since are an Arab Monetary Fund loan communiqué (8 Jul 2026), the 2025 annual report (7 Jul 2026) and a tender postponement (23 Jul 2026). Do NOT confuse the taux directeur with the TMM (taux du marché monétaire), which the BCT publishes monthly and which tracks but does not equal the policy rate. All BCT communiqués: https://www.bct.gov.tn/bct/siteprod/index.jsp (Actualités). The BCT site serves the current rate on its homepage indicator strip.
Earlier values
| From | Value | Source |
|---|---|---|
| 2023-01-02 | 8 | BCT — Communiqué de presse du Conseil d'Administration, réun |
| 2025-03-27 | 7.5 | BCT — Communiqué de presse du Conseil d'Administration, réun |
Get it programmatically
curl https://afriref.dev/v1/tn/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/tn/policy-rate/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/tn/policy-rateOther Tunisia series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates