{"id":24724,"date":"2011-10-26T02:48:00","date_gmt":"2011-10-26T06:48:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/10\/26\/bank-of-tanzania-raises-repo-auction-rate\/"},"modified":"2011-10-26T02:48:00","modified_gmt":"2011-10-26T06:48:00","slug":"bank-of-tanzania-raises-repo-auction-rate","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/10\/26\/bank-of-tanzania-raises-repo-auction-rate\/","title":{"rendered":"Bank of Tanzania Raises Repo Auction Rate"},"content":{"rendered":"<div><a href=\"http:\/\/3.bp.blogspot.com\/-GpfuZ2zVx2Y\/TqevsgV9XlI\/AAAAAAAAAH0\/LLmuQHyAUcI\/s1600\/Tanzania-26-10-2011.jpg\" imageanchor=\"1\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"210\" src=\"http:\/\/3.bp.blogspot.com\/-GpfuZ2zVx2Y\/TqevsgV9XlI\/AAAAAAAAAH0\/LLmuQHyAUcI\/s320\/Tanzania-26-10-2011.jpg\" width=\"320\" \/><\/a><\/div>\n<p>The <a href=\"http:\/\/www.bot-tz.org\/\">Bank of Tanzania<\/a> increased its repurchase agreement (repo) interest <a href=\"http:\/\/allafrica.com\/stories\/201110250580.html\">rate<\/a>, placing the weighted average rate into double digits, with the rate last printing at 11.59% at the 25th of October auction (which compares to 8.24% at the start of the year, and a low of 0.93%). &nbsp;Tanzania reported inflation of 16.8% in September, compared to 10.9% in June. <\/p>\n<p><a name='more'><\/a>Inflation has been <a href=\"http:\/\/thecitizen.co.tz\/news\/-\/16413-experts-dismiss-bot-moves-on-inflation\">driven<\/a> upwards by food supply variation, electricity shortages, and a weak shilling. The Tanzanian economy has grown between 6 and 7.4 percent over the past 6 years in real terms, and grew 7% in 2010. &nbsp;The Tanzanian <a href=\"http:\/\/www.bloomberg.com\/news\/2011-10-24\/tanzania-shilling-falls-for-third-day-in-four-on-oil-demand.html\">shilling<\/a> (TZS) last traded around 1,768 against the US dollar, with the TZS weakening about 17% since March this year.<\/p>\n<div><\/div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3767084372587587826?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Tanzania increased its repurchase agreement (repo) interest rate, placing the weighted average rate into double digits, with the rate last printing at 11.59% at the 25th of October auction (which compares to 8.24% at the start of the year, and a low of 0.93%). &nbsp;Tanzania reported inflation of 16.8% in September, compared &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/10\/26\/bank-of-tanzania-raises-repo-auction-rate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of Tanzania Raises Repo Auction Rate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-24724","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=24724"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24724\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}