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Tanzania Interest Rate

Tanzania's benchmark interest rate held steady at 5.75% as of August 31, 2025. This stability follows the Bank of Tanzania's July 2025 reduction to this level. The central bank maintained its policy due to inflation at 3.4% within the 3-5% target. Expected economic growth of 5.9% to 6.1% for 2025 supports this monetary approach. Tanzania's record low interest rate was 5% on May 12, 2020 and record high was 16% on September 30, 2015.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Aug 31, 2025 5.75%
Jul 03, 2025 5.75%
May 31, 2025 6%
Apr 04, 2025 6%
Feb 28, 2025 6%
Jan 08, 2025 6%
Nov 30, 2024 6%
Oct 03, 2024 6%
Aug 31, 2024 6%
Jul 04, 2024 6%
May 31, 2024 6%
Apr 04, 2024 6%
Feb 29, 2024 5.5%
Jan 19, 2024 5.5%
Oct 31, 2022 5%
Sep 23, 2022 5%
Dec 31, 2021 5%
Nov 16, 2021 5%
Sep 13, 2021 5%
Jun 30, 2020 5%
May 12, 2020 5%
Mar 31, 2020 7%
Feb 28, 2020 7%
Apr 30, 2017 12%
Mar 06, 2017 12%
Aug 31, 2016 16%
Jul 29, 2016 16%
May 31, 2016 16%
Apr 29, 2016 16%
Jan 29, 2016 16%
Oct 30, 2015 16%
Tanzania Interest Rate : Definition
The Interest Rate set by the Bank of Tanzania is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -2.5% -3.7% Dec'24
Debt to GDP Ratio 48.2% 47.4% Dec'24
Private Credit (% GDP) 16.75% 16.39% 2024