Rwanda will keep easy policy while inflationary pressures are ‘limited’
The National Bank of Rwanda (NBR) pledged to maintain its accommodative monetary policy as long as inflationary pressures "remain limited" – on the same day the annual CPI inflation fell to its lowest level in three years.
The NBR is attempting to boost the country's dwindling annual growth rate, which fell from 6.4% in the first quarter of 2013 to 3.9% in the third, by generating a "sustained increase" in loans to the private sector.
Its first step was to cut the key policy rate by 50 basis
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