Tunisia’s central bank holds key rate unchanged at 5.75 percent

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(Reuters) – Tunisia’s central bank said on Wednesday it kept its key interest rate unchanged at 5.75 percent.

People walk out of the Central Bank in Tunis, Tunisia, October 4, 2017. REUTERS/Zoubeir Souissi

In March, the central bank raised the rate to 5.75 percent from 5.00 percent to tackle the inflation that had hit record levels. Annual inflation rose to 7.7 percent in April from 7.6 percent in March.

The international Monetary Fund said last month that anchoring inflation expectations through additional rate increases would be crucial if price pressures did not moderate quickly.

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