Tanzania Holds Key Rate at 5.75% Again as Central Bank Targets Robust Growth
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Tanzania’s central bank kept its benchmark interest rate unchanged at 5.75% on Thursday for the second policy meeting in a row, maintaining a supportive stance as it seeks stronger economic growth. The decision signals policymakers remain comfortable holding rates steady while monitoring inflation and domestic conditions.
In its statement, the Bank of Tanzania said its Monetary Policy Committee expects economic conditions to be favourable, and that keeping the rate unchanged would support “robust” economic growth. The bank added that the decision was taken with inflation projected to remain within the target range of 3%–5%.
Tanzania’s annual inflation has hovered around 3% for roughly two years. Inflation stood at 3.4% in November, slightly below the 3.5% reported in October.
The central bank projected economic growth of 5.9% in 2025, with agriculture, mining and construction expected to be the main drivers. The outlook underlines confidence that core productive sectors will continue to support expansion under stable monetary conditions.
