Tunisia raises rates by 75bp to tackle inflation
First hike under new governor comes as prices rose year-on-year by 7.1% in February
The executive board of the Central Bank of Tunisia increased the key policy rate by 75 basis points to 5.75% on March 5, with the aim of tackling rising inflation.
This is the first hike implemented by governor Marouane El Abassi. The new governor took control of the central bank last month after prime minister Youssef Chahed requested the removal of his predecessor.
The North African country has struggled to stabilise the economy in the wake of the Arab Spring in 2011. Political and security
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