{"id":23663,"date":"2011-09-06T14:11:00","date_gmt":"2011-09-06T18:11:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=2ac666a1c76444fe14f568af32abbd57"},"modified":"2011-09-06T14:11:00","modified_gmt":"2011-09-06T18:11:00","slug":"central-bank-of-tunisia-drops-rate-50bps-to-3-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/09\/06\/central-bank-of-tunisia-drops-rate-50bps-to-3-50\/","title":{"rendered":"Central Bank of Tunisia Drops Rate 50bps to 3.50%"},"content":{"rendered":"<p>The&nbsp;<span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.bct.gov.tn\/\" style=\"color: #3778cd; text-decoration: underline;\" >Central Bank of Tunisia<\/a>&nbsp;reduced its key interest rate by 50 basis points to 3.50% from 4.00% previously. &nbsp;The Bank said:&nbsp;&#8220;To boost economic activity and the implementation of investment plans by limiting the financial burden on businesses, the Council decided to reduce, again, the rate of the BCT half a percentage point to bring it back to 3.5 percent,&#8221;. &nbsp;The Bank also noted a slowdown in activity in the non-manufacturing sectors, and a decrease in private investment and FDI flows; and noted the &#8220;persistence of economic difficulties&#8221; were connected with the recent regime change and associated period of instability.<\/span><\/p>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><\/span><br \/><a name='more'><\/a><\/div>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The Bank previously also cut its <a href=\"http:\/\/www.centralbanknews.info\/p\/interest-rates.html\">interest rate<\/a> by 50 basis points to 4.00% when it met in late June. &nbsp;Tunisian officials have been quoted as expecting 1% annual GDP growth this year, compared to 3.7% in 2010, as the Tunisian economy recovers following a period of instability and social unrest where an uprising forced former leader Zine al-Abidine Ben Ali to leave the country, and acted as inspiration for further revolts around the MENA region.<\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-347875657157882981?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Central Bank of Tunisia&nbsp;reduced its key interest rate by 50 basis points to 3.50% from 4.00% previously. &nbsp;The Bank said:&nbsp;&#8220;To boost economic activity and the implementation of investment plans by limiting the financial burden on &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23663","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23663"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23663\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}