Key data points
Last release
—
Observation period
Mar 31, 2025
Next release
—
Forecast
—
Highest
67.50 % on Dec 30, 1994
Lowest
3.70 % on Dec 31, 2009
About 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.
Related indicators
Frequently Asked Questions
Tanzania interest rate is 6% at the moment.
Last month Tanzania interest rate was 6%, and the month before that it amounted to 6%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.