"The Monetary Policy Committee (MPC) decided to keep the Central Bank Rate (CBR) unchanged at 6 percent, for the quarter ending September 2024, at its quarterly meeting held on 3rd July 2024.
"The MPC’s assessment of the outlook of the economy and the balance of risksindicate that, the implementation of monetary policy in the previous two quarters hassuccessfully anchoredinflation expectations well below the target of 5 percent."This also is reinforced by a positive outlook for the global economy, especially expectations of falling inflation in most countries, easing financial conditionsin international markets, and moderate prices in the world market.
"Furthermore, the MPC expects Tanzania economy to continue growing strongly, food supply to be adequate, and exchange rate pressures to moderate owing to increased foreign exchange inflows from tourism, gold, as well as cashcrops and food;
