The Bank of Tanzania (BoT) has raised its benchmark Central Bank Rate (CBR) by 0.5 percentage points to 6.25 percent for the third quarter ending September 2026, citing mounting inflationary...
By
Rosemary Mirondo
Business Reporter
Mwananchi Communications Ltd
Dar es Salaam. The Bank of Tanzania (BoT) has raised its benchmark Central Bank Rate (CBR) by 0.5 percentage points to 6.25 percent for the third quarter ending September 2026, citing mounting inflationary pressures linked to the ongoing conflict in the Middle East.
Kenya inflation rose to 6.7% in May 2026 as the central bank held rates at 8.75% and cut its 2026 growth forecast to 4.9%,…
Transport is the key inflation driver, recording 9.2 percent in April, from 4 percent the previous month.
CBK’s core mandate entails maintaining price stability in the economy and has a set inflation target ranging from 2.5 percent to…
The European Central Bank has raised its three key interest rates by 25 basis points, citing growing inflation risks linked...
April inflation rose at the quickest pace in seven years to 5.6 percent from 4.4 percent as the global oil price shock hit home.
Major central banks around the world, including the US Federal Reserve, have adopted a similar stance, favouring the wait-and-see…
