Interest Rate in Tanzania
Tanzania - Interest Rate
The economy likely remained downbeat in Q3, despite the lifting of all domestic restrictions in July. The external sector continued to suffer as exports decreased again in annual terms in September, mostly on a drop in service receipts. Meanwhile, imports also fell, suggesting that domestic demand remained frail. On the other hand, credit growth picked up pace in the same month, boosted by the Central Bank’s accommodative policy, which should have supported domestic demand somewhat. In politics, incumbent president Magufuli won a second term in the elections held on 28 October, which should lead to policy stability and a continued focus on boosting the economy after the pandemic-induced downturn. Nevertheless, opposition parties called for protests amid claims of voting irregularities, fueling tensions within the country, which could weigh on investor sentiment going forward.Tanzania - Interest Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 16.00 | 16.00 | 9.00 | 7.00 | 7.00 |
Tanzania Interest Rate Chart
Source: Bank of Tanzania
Tanzania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 14.73 | 0.0 % | Dec 31 |
| Exchange Rate | 2,300 | 0.0 % | Jan 01 |
| Stock Market | 1.2 | 0.0 % | Jan 06 |
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