Bank Lending Rate in Tanzania decreased to 14.41 percent in June from 15.27 percent in May of 2019. Bank Lending Rate in Tanzania averaged 12.89 percent from 2003 until 2019, 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 14.93 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 12.84 in 12 months time. In the long-term, the Tanzania Bank Lending Rate is projected to trend around 14.93 percent in 2020, according to our econometric models.