Interest Rate in Tanzania

Tanzania Interest Rate | Economic News & Forecasts

Tanzania - Interest Rate

The economy grew 7.2% year-on-year in the second quarter, marking the fastest expansion in over a year and up from the previous quarter’s 6.6% rise. A stronger jump in construction activity, coupled with a quicker expansion of manufacturing output compared to Q1, led the pick-up. Turning to the third quarter, incoming data is mixed. In the year ending September, the current account deficit widened notably as imports of capital and intermediate goods soared amid the government’s ongoing infrastructure projects. That said, exports of goods and services rose in the same period on stronger sales of gold and manufactured goods. Moreover, bank lending to the agricultural, building and construction, and mining and quarrying sectors soared in Q3, which should have stimulated business activity.

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 Yield14.730.0 %Nov 21
Exchange Rate2,3040.0 %Nov 21
Stock Market1.20.0 %Nov 21

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