QoraDaily
🇹🇿 Tanzania · figures checked 2 November 2026

Money in Tanzania today

The Bank of Tanzania's interest rate, the latest inflation figure and what the Tanzania shilling is worth today, with what they mean for your savings and loans.

Central Bank Rate6.25%no change
Inflation, September 20264.3%no change
Real interest rate1.95%rate minus inflation
Government bill yield6.29%364-day Treasury bill, auction of 23 September 2026
US dollar in TZS2,648.06▲ 7.86 since yesterday
1 TZS in Kenya shillings0.0490today

Central Bank Rate decided set for October to December 2026. Inflation from the National Bureau of Statistics.

What is happening

The Bank of Tanzania sets its rate each quarter and kept it at 6.25% for October to December 2026. Inflation held at 4.3% in September, inside the 3% to 5% target range, though transport costs were 14% higher than a year earlier. October inflation is due on 9 November.

What it means for you

  • Savers: interest rates are above inflation, so savings accounts, money market funds and government bills that pay close to the central bank rate can grow faster than prices. Compare what you earn after tax with the 4.3% inflation rate.
  • Borrowers: bank lending rates and variable-rate loans follow the central bank.
  • Prices: inflation of 4.3% means something that cost 1,000 a year ago costs about 1,043 now.

Tools and guides for Tanzania

Tanzania salary calculatorTake-home pay after PAYE and contributions Tanzania shilling exchange ratesLive rates against the dollar, euro, pound and more Savings calculatorDaily interest, monthly top-ups and tax Loan calculatorMonthly repayments and total interest
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Sources

Exchange rates update automatically through the day. Interest rates and inflation are updated after each central bank decision and monthly release.