Tanzania central bank holds key interest rate unchanged at 6% By Reuters

DAR ES SALAAM (Reuters) – Tanzania’s central bank left its key interest rate unchanged at 6% on Wednesday, keeping it steady for a third consecutive policy meeting.

The bank set it at 5.50% when it launched the rate in January 2024. The bank targeted 5% inflation, and consumer inflation has stayed comfortably below that figure.

Tanzania’s economy is forecast to grow by about 6% this year, up from an estimated 5.4% in 2024, Tanzania’s finance minister and central bank governor said in a letter to the International Monetary Fund in November.