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Tunisia cenbank warns of consequences if inflation rockets

Tunisia cenbank warns of consequences if inflation rockets

TUNISIA'S central bank governor warned inflation could spiral out of control if it did not raise interest rates, a day after government criticism of a 75-basis-point increase to 8% last week. Economy Minister Samir Saeed said on Tuesday the hike would have negative repercussions for small and medium companies as the government contends with Tunisia's worst economic crisis. "I understand the central bank's keenness to combat inflation, but I would have preferred that the hike not exceed 25 basis points," he told reporters. But Abassi told a news conference on Wednesday that Tunisia had few tools to fight inflation. "Inflation rates…
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