Tanzania Holds Interest Rate As Economy Shows Strength

Tanzania Holds Interest Rate As Economy Shows Strength

Tanzania’s central bank announced on Thursday that it will maintain its benchmark interest rate at 5.75%, signaling confidence in the country’s stable inflation outlook and steady economic performance. The decision follows a July policy meeting where the Bank of Tanzania cut the rate by 25 basis points. Governor Emmanuel Tutuba explained the rationale behind the decision during a statement to the press. “The decision reflects the projection of s…