Interest Rate in Tanzania
Tanzania - Interest Rate
Economic activity was likely resilient in the third quarter. The production of gold—the country’s main export—increased robustly in the quarter, while credit growth expanded solidly in the year ending September. However, the current account deficit widened notably in annual terms in the same period, mainly due to soaring imports of capital goods. In its latest financial system stability assessment in early December, the IMF encouraged the country to strengthen the capital buffers of the banking system, burdened by a high stock of bad loans. Meanwhile, in the international arena, the government has faced increasing criticism over minority rights abuses: The EU is reviewing its diplomatic relations with the country, while in mid-November the World Bank put a loan for an education project on hold.Tanzania - Interest Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 16.01 | 15.75 | 16.39 | 15.66 | 18.62 |
Tanzania Interest Rate Chart
Source: Bank of Tanzania
Tanzania Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2,300 | 0.0 % | Jan 14 |
| Stock Market | 0.1 | 0.0 % | Jan 14 |
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