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What is BoT Policy Measures for Economic Stability about?

The Bank of Tanzania (BoT) is implementing several policy measures to enhance liquidity and support banks during the COVID-19 pandemic, including lowering the Statutory Minimum Reserves from 7% to 6% and reducing the discount rate from 7% to 5%. Additionally, the BoT has decreased haircuts on government securities and allowed regulatory flexibility for loan restructuring to assist borrowers facing financial difficulties. These measures aim to ensure financial stability and facilitate economic growth in Tanz

Author

Giantmichael Michael

Language

EN