BCT’s urgent measures to curb economic fallout of Coronavirus

The Central Bank of Tunisia (BCT) Board of Directors met Tuesday for setting exceptional measures to back up the national efforts to curb the economic repercussion of Covid-19 pandemic.

The BCT decided to reduce its key interest rate by 100 points to 6,75 %, to help reduce the financial burden of people indebted to banks.

The key rate cut will also help reduce the financial burden on businesses, namely small- and medium-sized enterprises (SMEs), to safeguard their survival and their workforce.

Besides, the BCT further affirmed readiness to provide the banks with the necessary funds to continue their activities in this exceptional phase.

The BCT will issue a circular to banks and financial institutions including a set of exceptional measures aimed to support the economic enterprises, with a view to preserving the economic fabric and jobs and guaranteeing the stability of the financial sector.

TunisianMonitorOnline

Comment Our Article

Related posts