Inflation still high despite disinflationary trend, BCT reveals in a report

“Despite the disinflationary trend that has taken hold in recent months, thanks in particular to a restrictive monetary policy, both headline and core inflation are still at historically high levels that do not favour an imminent return to global macroeconomic equilibrium,” the BCT notes in a business survey published on Tuesday. Thus, the recent medium-term forecasts of the Central Bank of Tunisia (BCT) have slightly lowered the expected inflation rate for 2019 as a whole to 6.9% from 7.3% in 2018. “On the outlook, the gradual attenuation of price increases…