Tanzania: Bot Cuts Key Policy Rate to Meet Liquidity Demand

Tanzania: Bot Cuts Key Policy Rate to Meet Liquidity Demand

Dar es Salaam -- THE Bank of Tanzania (BoT) has cut its benchmark interest rate by 25 basis points to 5.75 per cent for this year's quarter three, down from 6.0 per cent in the previous quarter, citing stable inflation expectations.

Tanzania central bank cuts policy rate by 25 basis points

Tanzania's central bank lowered its benchmark interest rate by 25 basis points to 5.75% in a decision announced on Thursday.

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Easing Inflation Strengthens Rate Cut Expectations: Eyes on July 24 Central Bank Meeting

Following the release of Turkey’s June inflation data, attention has shifted to the Turkish Central Bank’s upcoming Monetary Policy Committee (MPC) meeting on July 24. Experts suggest there is a strong likelihood the Central Bank will initiate interest rate cuts with a 250 basis point reduction. The latest data showed that June’s Consumer Price Index (CPI) rose 1.37% month-on-month, while annual inflation declined to 35.05%, falling below expect…

Bank of Tanzania cuts rate to 5.75% to boost lending for farmers, traders

The CBR, which acts as a benchmark for the cost of borrowing between the BoT and commercial banks, is a key instrument for managing liquidity in the economy