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Tanzania’s economic evolution: Navigating from reserve money to short-term interest rates.
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December 20, 2023December 20, 2023News, Politics, Tanzania

Tanzania’s economic evolution: Navigating from reserve money to short-term interest rates.

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Tanzania is making a significant shift from a reserve money policy to a short-term interest rates policy next month after a decade of preparations. The Monetary Policy Committee (MPC) has approved this move to control inflation using interest rates, aligning with global practices. The new policy, focusing on short-term interest rates, is a departure from...