DAR ES SALAAM (Reuters) – Tanzania’s central bank left its key interest rate unchanged at 6% on Wednesday, keeping it unchanged at its third consecutive policy meeting.
When it launched the rate in January 2024, the bank set it at 5.50%. The Bank is targeting inflation of 5%, and consumer inflation has remained comfortably below that figure.
Tanzania’s economy is forecast to grow by about 6% this year from an estimated 5.4% in 2024, the finance minister and central bank governor said in a letter to the International Monetary Fund in November.
