Interest Rate in Tanzania

Tanzania Interest Rate | Economic News & Forecasts

Tanzania - Interest Rate

Recently released national accounts data revealed that economic growth came in at 4.3% in annual terms in Q2 (Q1: +5.0% yoy). Growth was broad-based, but the agricultural, transport and storage, trade, mining and quarrying, and manufacturing sectors contributed the most to the reading. Turning to Q3, conditions should have continued to improve. Personal credit growth was robust in July–August, which should have supported household spending. Meanwhile, on 3 November, authorities presented the budget for the next fiscal year (June 2022–July 2023) to parliament. The TZS 39.4 trillion (around USD 17.1 billion) blueprint sees a 7.0% increase in spending, while it projects the deficit to be less than 3.0% of GDP. It focuses on large infrastructure projects including the construction of a railway, a hydropower dam, a crude oil pipeline and a liquefied natural gas processing plant.

Tanzania - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)16.00  16.00  9.00  7.00  7.00  

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Tanzania Interest Rate Chart

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

Tanzania Facts

Value Change Date
Bond Yield14.730.0 %Dec 31
Exchange Rate2,3000.0 %Jan 01
Stock Market1.20.0 %Jan 06

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