The overnight Money Market Rate (MMR) increased during the April 18, 2018 session to 6.71%, which is close to the upper limit of the corridor: 6.75%.
Similarly, the rate of the last 7-day call for tenders was 6.73%.
Continued pressure on bank liquidity as evidenced by the overall volume of refinancing of banks by the BCT with a daily average over the first 18 days of April of 13.952 billion dinars, against an average of 13.135 billion in March 2018, compels the Central Bank to tighten again the floodgates of liquidity.
Thus, a 25 basis point increase, at least, in the key rate of the BCT is eagerly awaited at the beginning of May, especially if the inflation rate continues to rise in April 2018.
