DAR ES SALAAM, July 4 -- THE Bank of Tanzania (BoT) has raised its Central Bank Rate (CBR) to 6.25 per cent from 5.75 per cent for the third quarter ending September, citing rising inflationary pressures driven by higher global energy, fertiliser and transport costs linked to the ongoing Middle East conflict.

The decision, reached during Wednesdays Monetary Policy Committee (MPC) meeting, marks the second consecutive quarterly increase as the central bank seeks to keep inflation within its medium-term target of 3 to 5 per cent while supporting economic growth.

BoT Governor Emmanuel Tutuba said the rate adjustment is appropriate to contain inflation without undermining economic activity.

“The adjustment in the policy rate will be ...