Tanzania: Overnight Interest Rates Rise to 13 Per Cent

The cash interbank money markets experienced continued tight liquidity with overnight rates going up to as high as 13 per cent in the last two weeks.

The rate climbed from eight per cent at the beginning of the second week of this month to 13 per cent as of yesterday, bank of Tanzania's inter money market data shows. The volume also picked up to 30.5bn/- the highest in two weeks.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.