Interest Rate in Tanzania

Tanzania Interest Rate | Economic News & Forecasts

Tanzania - Interest Rate

The economy seemed to remain resilient in Q1, following a strong 2018. In the first three months of the year, credit growth was robust. Moreover, in the year ending March, exports increased, albeit slightly, on the back of rising foreign sales of gold and higher travel and transport receipts. The current account deficit widened, however, as imports outstripped exports due to the government’s infrastructure push. Meanwhile, in mid-April, the government blocked the IMF from publishing its Article IV Consultation report. According to press sources, the report criticized the government for undermining the investment climate, via unpredictable economic policies, and it also questioned the reliability of official statistics.

Tanzania - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)16.01  15.75  16.39  15.66  18.62  

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Tanzania Interest Rate Chart

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

Tanzania Facts

Bond Yield15.380.0 %Jun 13
Exchange Rate2,3000.0 %Jun 13
Stock Market1.10.0 %Jun 11

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