Dar es Salaam. The Bank of Tanzania (BoT) has reduced its Central Bank Rate (CBR) from 6.0 to 5.75 percent in a move aimed at making borrowing cheaper, especially for farmers and traders, as the country enters its peak harvest season.
The decision, announced following a meeting of the BoT’s Monetary Policy Committee (MPC) on July 2, is expected to ease access to credit, stimulate economic activity and support seasonal demand for financing.
