DAR ES SALAAM, March 6 Tanzania's central bank cuts its discount rate to 12 percent effective Monday from 16 percent, a central bank circular to lenders showed, in order to boost the economy through lending.
The cut, which is the first since 2013, follows a steep drop in private sector credit lending last year. (Reporting by Fumbuka Ng'wanakilala; Editing by Toby Chopra)
FOREX-Dollar falls on doubts over U.S. rate hikes
* Dollar index clings to slight weekly gain * Upbeat new home sales data offsets weaker U.S. business readings * Commodity-linked currencies rise with rebound in oil prices * Pound rises 3 straight days after BoE's Forbes' hawkish comments (Updates market action, changes dateline, previous PARIS) By Richard Leong NEW YORK, June 23 The dollar fell against a basket of major currencies on Friday, on track for its biggest single-day drop in three weeks, on persi