DAR ES SALAAM.
Tanzania — Tanzania's economy remains resilient, with inflation holding at around 4%, reflecting the effectiveness of the country's monetary policy framework and financial sector management, Bank of Tanzania (BoT) Governor Emmanuel Tutuba said on Friday.
Speaking after visiting the central bank's pavilion at the 50th Dar es Salaam International Trade Fair, popularly known as Sabasaba, Tutuba said the stable inflation rate demonstrates the country's ability to maintain macroeconomic stability despite ongoing global economic uncertainties.
He said the central bank's recent decision to maintain the benchmark policy rate at 6.25% was intended to support liquidity in the banking sector, stimulate private-sector lending and preserve price stability.
"The economy has continued to perform strongly, with inflation remaining around 4%. This reflects the effectiveness of the monetary policies and financial sector reforms being implemented by the Bank of Tanzania," Tutuba said.
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