Tanzania's central bank maintains 6% key interest rate, supporting economic growth with stable inflation, exchange rates, and global outlook.
Tanzania's central bank, Bank of Tanzania (BOT), keeps its key interest rate at 6% for the third quarter, supporting the economy's growth with well-below-target inflation expectations, stable exchange rates, and a positive global economic outlook. The country's economy is anticipated to continue growing strongly due to increased foreign exchange inflows from tourism, gold, cash crops, and food.
July 04, 2024
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