Tanzania, July 3 -- Dar es Salaam. The Bank of Tanzania (BoT) has raised its benchmark Central Bank Rate (CBR) by 0.5 percentage points to 6.25 percent for the third quarter ending September 2026, citing mounting inflationary pressures linked to the ongoing conflict in the Middle East.

The central bank said rising global energy, fertiliser and transport costs had increased risks to inflation, although it remains confident that Tanzania's economy will continue expanding at above six percent.

BoT Governor Emmanuel Tutuba, who chairs the Monetary Policy Committee (MPC), said the decision, reached during the committee's meeting on July 2, was intended to keep inflation within the target range without undermining economic growth.

"The decis...