Rwanda holds rates at 6.5%
Central bank expects inflation to remain within target
The National Bank of Rwanda said yesterday (February 13) that it was keeping its benchmark interest rate at 6.5% as it expected inflation to remain within target over the medium term.
Headline inflation grew to 5.2% in the final quarter of last year, up from 4.1% in Q3. However, the bank said it expected the figure to remain within its 2–8% target range.
It forecast that headline inflation would average 6.5% this year before declining to 4.1% next year. This, it said, would be driven by higher
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