DODOMA, Feb. 6 -- THE government has said workers still have room to negotiate lower interest rates on personal loans through their employers, despite growing calls for regulated borrowing costs.

Deputy Minister for Finance Mshamu Munde made the statement in the National Assembly when responding to a basic question from Kigamboni MP Haran Sanga (CCM), who wanted to know when Tanzanian workers would benefit from reduced loan interest rates of around seven or eight per cent.

Ms Munde explained that, under the countrys economic policies, interest rates charged by financial institutions, including those applying to employees, are determined by market forces.

ALSO READ: Govt: Msimbazi basin project gathers pace

She said directing financial...