Tanzania's central bank lowered its benchmark interest rate by 25 basis points to 5.75% in a decision announced on Thursday.
The Bank of Tanzania targets inflation of 5%, and consumer inflation has hovered around 3% since it launched its policy rate in January 2024.
The East African country's government sees economic growth rising to 6% this year, up from 5.5% last year, helped by the start of electricity generation at the Julius Nyerere hydropower dam.
President Samia Suluhu Hassan's administration has been pushing ahead with large-scale infrastructure projects like the dam and a railway network ahead of elections due in October.
Reuters
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