{"id":108003,"date":"2024-04-02T19:03:53","date_gmt":"2024-04-02T19:03:53","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week"},"modified":"2024-04-02T20:17:27","modified_gmt":"2024-04-02T20:17:27","slug":"next-central-bank-rates-this-week","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week","title":{"rendered":"Next central bank rates this week"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Tanzania. <\/strong><\/span><b>TANZANIA:<\/b> NEXT Central Bank Rates (CBR) will be announced on Thursday this week, the Bank of Tanzania has said.<\/p>\n<p>The Bank of Tanzania (BoT) set its main interest rate at 5.5 per cent in January this year after adopting an interest-rate-based monetary policy framework to contain inflation within its target and boost economic growth.<\/p>\n<p>The January announcement was the first by the Central Bank after using a benchmark interest rate to signal its monetary policy direction.<\/p>\n<p>The BoT Monetary Policy Committee met on January 18, the first-ever meeting in which the banking regulator began implementing monetary policy using interest rates.<\/p>\n<p>\u201cThis forward-looking framework is expected to improve the effectiveness of monetary policy in the changing economic environment.\u201d \u201cThe decision on the CBR (Central Bank Rate) considered the need to contain inflation within the medium-term target of 5 per cent while supporting economic growth to reach 5.5 per cent or more in 2024,\u201d Central Bank Governor Emmanuel Tutuba said at a press conference in January.<\/p>\n<p>The inflation rate in February 2024 remained 3.0 per cent the same in December last year after it declined from 3.2 per cent in November.<\/p>\n<p>The central bank said it expects gross domestic product to grow by 5.5 per cent in 2024, after an expansion of about 5 per cent in 2023.<\/p>\n<p>Tutuba said the decision by the bank\u2019s Monetary Policy Committee was also aimed at ensuring the stability of the exchange rate, adding the new rate does not involve capping interest rates on facilities offered by other institutions.<\/p>\n<p>\u201cInterest rates of facilities offered by banks and financial institutions will still be market-determined,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/tanzania\">Tanzania<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. TANZANIA: NEXT Central Bank Rates (CBR) will be announced on Thursday this week, the Bank of Tanzania has said. The Bank of Tanzania (BoT) set its main interest rate at 5.5 per cent in January this year after adopting an interest-rate-based monetary policy framework to contain inflation within its target and boost [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":108002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-108003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Next central bank rates this week - Tanzania<\/title>\n<meta name=\"description\" content=\"TANZANIA: NEXT Central Bank Rates (CBR) will be announced on Thursday this week, the Bank of Tanzania has said. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Next central bank rates this week\" \/>\n<meta property=\"og:description\" content=\"TANZANIA: NEXT Central Bank Rates (CBR) will be announced on Thursday this week, the Bank of Tanzania has said. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T19:03:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T20:17:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712071939.360834.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"314\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Next central bank rates this week\",\"datePublished\":\"2024-04-02T19:03:53+00:00\",\"dateModified\":\"2024-04-02T20:17:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week\"},\"wordCount\":276,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712071939.360834.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/next-central-bank-rates-this-week\",\"name\":\"Next central bank rates this week - 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