Day: June 13, 2018

Central Bank of Tunisia raises its key interest rate from 5.75% to 6.75 %

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The Central Bank of Tunisia (BCT) said on Wednesday it had raised its key interest rate from 5.75 percent to 6.75 percent, the second hike in three months, to tackle inflation that has reached the highest level since 1990. The bank’s last rate increase was in March, to 5.75 percent from 5.00 percent. Annual inflation hit 7.7 percent in May. At its meeting Wednesday, the Executive Board of the Central Bank of Tunisia noted the persistence of these pressures which “are likely to intensify over the coming period, in the…

Independents win most seats in municipal polls

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Independents have won most seats in the municipall polls held last May 6 in Tunisia, the Independedn Higber Authority for the Elections (ISIE) announced on Wednesday. The official results announced by ISIE  reveals that independent candidates won 2,373 seats. Ennahda movement came in the second place with 2,139 seats, followed by Nidaa Tounes party with 1,600 seats and the Popular Front party with 261 seats, the ISIE said. ISIE president Mohamed Tlili Mansri said the polls saw a %35.6 voter turnout. “Forty-seven percent of winning candidates are women while the…

74% of Tunisians do not trust banks’ transparency

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Some 74 per cent of Tunisians do not trust the transparency of the country’s banks, a survey on the quality of banking and telecommunications services conducted by the Tunisian Organisation to Inform the Consumer (OTIC) has revealed. OTIC, which polled 2,415 customers of banks and financial institutions across Tunisia, also found that 84 per cent of the respondents were not satisfied with banking services and 94 per cent were not aware of the free services that were available to them. President of the OTIC, Lotfi Riahi, expressed concern at the…