Central Bank of Tunisia, Monetary Policy

MONETARY & CHANGE POLICY

Monetary policy instruments

In order to fine tune bank liquidity and orient the interest rate on the short term in compliance with price stability target, the BCT intervenes on the money market through a number of instruments :

Main interset rates practiced on the money market
as on 02/02/2012

Description

In %

Rate of call for tender (TAO)

3.50

Rate of 24-hour loan facility

4.00

Rate of 24-hour deposit facility

3.00

weighted average rate (TMP) for the last call for bids for 7 days

      3.50

  weighted average rate (TMP) for the last call for bids for 1 month

        3.63

weighted average rate (TMP) for the last call for bids for 3 months

        3.70

Day-to-Day money market rate (TM)

3.85

Money Market Average rate (TMM) for january  2012

3.16

Savings remuneration rate (TRE) for february  2012

2.00

Reserve requirement rate (according to deposit category and term)

     2.00
or 0.00

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