The benchmark interest rate in Tanzania was last recorded at 7 percent. Tanzania Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Tanzania averaged 11.96 percent from 1972 until 2019, 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.

Interest Rate in Tanzania is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Tanzania to stand at 5.00 in 12 months time. In the long-term, the Tanzania Interest Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

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Tanzania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 67.50 3.70 1972 - 2019 percent Daily

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.