The Bank of Tanzania targets inflation of 5%, and consumer inflation has hovered around 3% since it launched its policy rate in January 2024.

The East African country's government sees economic growth rising to 6% this year, up from 5.5% last year, helped by the start of electricity generation at the Julius Nyerere hydropower dam.

President Samia Suluhu Hassan's administration has been pushing ahead with large-scale infrastructure projects like the dam and a railway network ahead of elections due in October.

--Reuters--