DAR ES SALAAM — Tanzania’s central bank said Thursday it had decided to keep the key interest rate unchanged at 6 percent for the third quarter.
Its assessment of the economy’s outlook and the balance of risks indicated that the implementation of monetary policy in the previous two quarters has successfully anchored inflation expectations well below the target of 5 percent, the Bank of Tanzania (BOT) said in a statement.
This is also reinforced by a positive outlook for the global economy, especially expectations of falling inflation in most countries, easing financial conditions in international markets, and moderate prices in the world market, said the statement signed by BOT Governor Emmanuel Tutuba.
Tanzania’s economy is expected to continue growing strongly, with adequate food supply and moderate exchange rate pressures, due to increased foreign exchange inflows from tourism, gold, cash crops and food, the statement said. XINHUA
