Tanzania: BoT to Maintain Inflation Close to Five Percent Target

The Bank of Tanzania (BoT) will continue pursuing prudent monetary policy in 2016/17 to keep inflation close to the medium-term target of 5 per cent, while ensuring that liquidity level is consistent with demands of various economic activities.

According to the bank's monetary statement for the period ended June, this year, the bank will continue to deploy a mix of monetary policy instruments, while ensuring that money market operates efficiently towards sustaining stability of short-term interest rates.

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