DAR ES SALAAM, Aug. 21 -- THE short-term interest rates showed slight adjustments this week, reflecting ongoing liquidity management by the Bank of Tanzania (BoT) amid cautious market sentiment.
Data from the interbank cash market (IBCM) indicates that the 7-day lending rate among commercial banks stood at 6.94 per cent on Tuesday, signalling moderate demand for short-term funds.
And, the central bank policy rate remains at 5.75 per cent for the third quarter of this year, guiding the overall lending and deposit rates in the market.
The Rediscount Rate stands at 8.25 per cent. Money market analysts note that this stable rate aims to balance economic growth with inflation control and reflects healthy, yet slightly tightened, liquidity c...
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