Tanzania Interest Rate

Tanzania's central bank kept its benchmark interest rate at 6% for the fourth consecutive policy meeting on April 4th, 2025, in a bid to keep inflation below its 5% target. The annual inflation rate edged higher to 3.2% in February 2025 from 3.1% in the previous month, marking the highest level since November 2023, but still well within the target range. Inflation has remained around 3% since the central bank introduced its policy rate in January 2024. Meanwhile, Tanzania's economy is expected to grow by about 6% in 2025, higher than the estimated 5.4% growth for 2024.