Tunis: The average money market rate (MMR) stabilised at 7.97% in May 2024 for the second consecutive month, up very slightly compared with March 2024 (7.96%), according to data released on Friday evening by the Central Bank of Tunisia (BCT). The MMR fell year-on-year from 8% in May 2023 to 7.97% in May 2024. After peaking at 8.05% in March 2023, the MMR took a downward trend from April 2023, from 8.01% to 8% in the period between May and September 2023 before settling at 7.99% in the last quarter of 2023. Source: Agence Tunis Afrique Presse