Tanzania's inflation rate is expected to rise from 3.4 per cent in 2019 to 4.2 per cent in 2020 despite a robust economic growth of 6.5 per cent in 2020 compared with 6.6 per cent in 2019.
Standard Chartered Bank’s 2020 Economic Outlook Report for East Africa released on January 29, also notes that an easing of the country’s monetary policy in 2018-19 had allowed private sector credit extension to start accelerating again after a 2017 slowdown.
