Tanzania’s central bank has maintained its key interest rate at 6% for the third consecutive policy meeting, focusing on keeping inflation below its 5% target.
Since setting the rate at 5.5% in January 2024, inflation has remained below target, with forecasts placing it between 3.1% and 4% in the first quarter of 2025, according to Bank of Tanzania Governor Emmanuel Tutuba.
The country’s economy is projected to grow by approximately 6% in 2025, up from an estimated 5.4% in 2024. Tutuba also anticipates a 5.7% year-on-year growth in the first quarter of this year.