DAR-ES-SALAM (Reuters) – Tanzania’s central bank will reduce economic liquidity in September and October to slow East Africa National inflation rose.
“The Monetary Policy Committee approved the Bank’s continued gradual liquidity reduction in September and an October 2022,” the statement said.
“Policy decisions aimed at reducing inflationary pressures while safeguarding economic activity.”
Inflation in Tanzania rose to 4.6% in August from 4.5% the previous month %, the statement said, despite the country’s economy facing a series of challenges, including weak global growth, high commodity prices, tight financial conditions and the re-emergence of COVID-19 in some countries 19.
