Interest Rate in Tanzania

Tanzania Interest Rate | Economic News & Forecasts

Tanzania - Interest Rate

The economy seemingly continued to strengthen in Q2 and at the outset of Q3, after the first quarter’s expansion: Both goods imports and exports continued to grow robustly in April–August, pointing to stronger demand dynamics, although a favorable base effect flattered the readings. Moreover, despite slowing in annual terms at the tail end of Q2, personal credit growth remained robust, and accelerated in July and August, which should have supported spending. However, higher inflation in June–September could have tempered the overall improvement. Lastly, on 10 October, the government roughly outlined its plans to use two IMF loans approved last month primarily to invest in education and welfare, with other sizable amounts directed at water projects in mainland Tanzania. Meanwhile, some USD 100 million will be allocated to Zanzibar.

Tanzania - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)16.00  16.00  9.00  7.00  7.00  

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Tanzania Interest Rate Chart

Tanzania Interest Rate
Note: Negotiated Lending Rate in %.
Source: Bank of Tanzania

Tanzania Facts

Value Change Date
Bond Yield14.730.0 %Dec 31
Exchange Rate2,3000.0 %Jan 01
Stock Market1.20.0 %Jan 06

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