The Bank of Tanzania raised its key interest rate by 50 basis points to 6.25% on July 3rd, 2026, marking its first hike since April 2024. Policymakers said the decision was intended to ensure inflation remains within the 3%–5% target range while sustaining economic growth. The annual inflation rate inched up to 4.2% in May from 4% in April, marking the highest level since April 2023, on the back of higher fuel and fertilizer costs amid the Middle East crisis. Looking ahead, the central bank expects inflationary pressures to remain contained, supported by a strong harvest that should keep food prices stable and robust export earnings that are expected to cushion exchange rate pass-through to import prices. Meanwhile, the MPC said economic growth remained resilient despite external headwinds, including the ongoing Middle East conflict, with GDP projected to expand by around 6% in the first half of 2026. source: Bank of Tanzania

The benchmark interest rate in Tanzania was last recorded at 6.25 percent. Interest Rate in Tanzania averaged 11.11 percent from 1972 until 2026, reaching an all time high of 67.50 percent in December of 1994 and a record low of 3.70 percent in October of 2009. This page provides - Tanzania Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tanzania Interest Rate - values, historical data and charts - was last updated on July of 2026.

The benchmark interest rate in Tanzania was last recorded at 6.25 percent. Interest Rate in Tanzania is expected to be 6.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania Interest Rate is projected to trend around 5.50 percent in 2027 and 4.25 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 77216142.90 78276351.90 TZS Million Mar 2026
Central Bank Balance Sheet 39404872.20 37385418.00 TZS Million Mar 2026
Interest Rate 6.25 5.75 percent Jul 2026
Money Supply M0 15640.30 15670.50 TZS Billion May 2026
Money Supply M1 32252.60 31151.60 TZS Billion May 2026
Money Supply M2 51375.30 50102.90 TZS Billion May 2026
Money Supply M3 66803.80 65091.90 TZS Billion May 2026


Tanzania Interest Rate
In Tanzania, interest rates decisions are taken by the Bank of Tanzania. The Bank of Tanzania official interest rate is the discount rate.
Actual Previous Highest Lowest Dates Unit Frequency
6.25 5.75 67.50 3.70 1972 - 2026 percent Daily

News Stream
Tanzania Lifts Key Policy Rate to 6.25%
The Bank of Tanzania raised its key interest rate by 50 basis points to 6.25% on July 3rd, 2026, marking its first hike since April 2024. Policymakers said the decision was intended to ensure inflation remains within the 3%–5% target range while sustaining economic growth. The annual inflation rate inched up to 4.2% in May from 4% in April, marking the highest level since April 2023, on the back of higher fuel and fertilizer costs amid the Middle East crisis. Looking ahead, the central bank expects inflationary pressures to remain contained, supported by a strong harvest that should keep food prices stable and robust export earnings that are expected to cushion exchange rate pass-through to import prices. Meanwhile, the MPC said economic growth remained resilient despite external headwinds, including the ongoing Middle East conflict, with GDP projected to expand by around 6% in the first half of 2026.
2026-07-03
Tanzania Keeps Key Policy Rate Steady at 5.75%
The Bank of Tanzania held its benchmark interest rate unchanged at 5.75% during the January 2026 monetary policy meeting, marking the second consecutive hold. The central bank highlighted that the decision reflects a supportive stance toward sustained economic growth, noting that inflation remains well-contained within the 3%-5% target range. Annual consumer price growth in November eased slightly to 3.4%, following a 3.5% rise in October, continuing a pattern of relative stability observed over the past two years. Meanwhile, the central bank projects the economy to expand by 5.9% in 2025, driven by strength in agriculture, mining, and construction sectors.
2026-01-08
Tanzania Holds Key Policy Rate at 5.75%
The Bank of Tanzania held its benchmark interest rate steady at 5.75% during its October 2025 monetary policy meeting, following a 25 basis point cut in July. Governor Emmanuel Tutuba stated that the decision reflects the outlook for stable inflation within the target range of 3% to 5%, alongside expectations of continued robust economic growth. Tanzania’s annual inflation rate inched up to 3.4% in August 2025 from 3.3% in July, marking the highest level since June 2023. Still, the latest figure remains broadly stable, hovering around 3% over the past two years and staying within the central bank’s target range. Meanwhile, the country's economy grew by 5.4% year-on-year in the first quarter of 2025, maintaining the same pace of expansion as in the previous quarter.
2025-10-02