Dar es Salaam — The monetary policy committee of the central bank has raised alarm over high interest rates in the wake of implementing measures to offset the negative impact of Covid-19 to the Tanzanian economy.
The team which is part of the Bank of Tanzania's board, chaired by the governor, said in a statement yesterday that the sluggish reduction in the interest rates charged by banks and other financial institutions would economic growth which is already threatened by the coronavirus pandemic
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article