Bank Lending Rate in Tanzania decreased to 15.28 percent in December from 15.87 percent in November of 2018. Bank Lending Rate in Tanzania averaged 12.83 percent from 2003 until 2018, reaching an all time high of 17.91 percent in September of 2017 and a record low of 7.53 percent in March of 2004.
Bank Lending Rate in Tanzania is expected to be 16.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Tanzania to stand at 18.90 in 12 months time. In the long-term, the Tanzania Bank Lending Rate is projected to trend around 18.90 percent in 2020, according to our econometric models.