The Executive Board of the Central Bank of Tunisia (BCT) noted at its meeting Monday, November 30, 2015 in Tunis, that the liquidity needs of banks have continued their decline in October 2015.
BCT interventions on the money market stood at 5,516 MTD in average against 5,560 MTD in September.
BCT noted too that the average interest rate on the money market posted some decrease in the same month, falling to 4.75% against 4.77% in September. It is recalled that the bank’s key interest rate was cut by 50bp in late October.
Regarding the activity of the banking sector, the Central Bank noted a clear slowdown of in rate of growth of outstanding bank deposits in the first 10 months of 2015 (1.7% against 6.1% one year previously), reflecting the significant deceleration in term accounts and lower deposit certificates.
The Central Bank pointed, in addition, to a less rapid increase of financing to the economy over the same period (4.3% against 6.9% in the first ten months of 2014); related to the decline in short-term credit and slowing down of medium and long term ones.
