IMF welcomes Rwandan central bank’s Covid response

Rwandan central bank governor
NBR governor John Rwangombwa

Rwanda’s central bank has acted to contain the worst economic effects of the Covid-19 pandemic, says an International Monetary Fund staff report.

The staff report, issued on January 4, projects that Rwanda’s GDP will contract by 0.2% in 2020, compared with the IMF’s previous projection of 8% growth.

The National Bank of Rwanda’s monetary policy committee cut its policy rate by 50 basis points to 4.5% at its April meeting, but has left it unchanged since. The NBR governor is John Rwangombwa

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.