Hence, after raising the key policy rate by 50 basis points in December, in January and February we lifted it further by 25 basis points each, to 5.5% at present.
At the same time, by maintaining the relative stability of the dinar exchange rate against the euro, we have helped limit the effects of the pass-through of high import prices to domestic prices and sustained macroeconomic stability in the conditions of heightened global uncertainty. The dinar strengthened by 0.2% against the euro in nominal terms in 2022.