Interest Rate in Tanzania
Tanzania - Interest RateThe 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
|Policy Interest Rate (%)||16.01||15.75||16.39||15.66||18.62|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania Interest Rate Chart
Source: Bank of Tanzania
|Bond Yield||14.73||0.0 %||Nov 21|
|Exchange Rate||2,304||0.0 %||Nov 21|
|Stock Market||1.2||0.0 %||Nov 21|
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