Rwanda slashes rates to record low of 5%
The National Bank of Rwanda has slashed the central bank rate by 50 basis points to a record low of 5%.
The bank’s monetary policy committee met on May 6 and chose to cut the headline rate on the basis of the “low inflation environment”. At the same time, policy-makers noted growing domestic demand and rising credit in the private sector.
Governor John Rwangombwa released a statement after the MPC meeting outlining the state of the Rwandan economy. He was largely positive, saying GDP grew by 8
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com