DAR ES SALAAM (Reuters) – Tanzania’s central financial institution left its key rate of interest unchanged at 6% on Wednesday, holding it regular for a 3rd consecutive coverage assembly.
When it launched the speed in January 2024, the financial institution set it at 5.50%. The financial institution targets inflation of 5%, and shopper inflation has stayed comfortably under that determine.
Tanzania’s financial system is forecast to develop by about 6% this 12 months from an estimated 5.4% in 2024, its finance minister and central financial institution governor stated in November in a letter to the Worldwide Financial Fund.
