Dar es Salaam, April 9 -- DAR ES SALAAM: THE rise in central bank rate from 5.5 to 6 per cent for the second quarter of this year will not divert the banks appetite to lending to the private sector, a Bank of Tanzania senior officer has said.

Dr Suleiman Missango, BoTs Director of Economic Research and Policy, said in Dar es Salaam on Monday their projections showed there would be no risks for banks pulling back to lending to the private sector in favour of buying government securities by the central bank.

“There will still be an appetite to lending to the private sector and can be seen by strong private sector credit growth in the first quarter,” said Dr Missango at a meeting with editors and senior reporters.

Private sect...