Tunisia's central bank governor Marouane El Abassi (R) arrives at news conference in Tunis, Tunisia, March 8, 2018. REUTERS/Zoubeir Souissi
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Abassi, in his first news conference since being appointed last month, said the central bank raised its benchmark interest rate by 75 basis points this week to curb inflation, which he said risked becoming "uncontrollable".Investors have turned bearish on Tunisian assets this year.Tunisia's dollar debt has made a loss of 4.5 percent this year, the most after Argentina and Peru in the Bloomberg Barclays Emerging Markets USD Sovereign Bond Index, which includes more than 70 nations.The government's efforts to revive the economy have focused on cutting spending, curbing subsidies and boosting investments – measures backed by the International Monetary Fund, which in 2016 awarded Tunisia a $2.9 billion loan.
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