- The BCT
The Executive Board of the Central Bank of Tunisia held a meeting on 28 May 2018 and started up its works by finalising review of a debenture loan on behalf of the Tunisian State on the international financial market.
The Board pointed out that this borrowing comes in the framework of mobilizing resources for the State budget in compliance with provisions of 2018 finance law and to meet the foreign currency requirements both to finance the budget deficit and the current payments’ deficit.
After going through the latest economic and financial indicators and their evolution outlook, the Board noticed that the current situation is favourable to recourse to the international financial market to satisfy the financing needs, in considering the growing pressure on foreign currency assets on the one hand and on liquidity of the domestic financial market on the other hand.
On another level, and concerning the banking system follow up, the Board examined a draft of a circular to banks providing for the solvency ratio modification by setting up a new provision concerning the market risk, to boost the prudential management mechanism in order to comply with the international standards.
After discussion and deliberation on the above mentioned points, the Board decided to keep unchanged the key interest rate of the Central Bank of Tunisia.