Rwanda’s Central Bank Maintains Key Repo Rate at 5%
May 13, 2022 ·
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Description
National Bank of Rwanda has maintained the key repo rate--at which it lends to commercial banks-- at 5 per cent and said domestic economic growth is likely to slow down....
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National Bank of Rwanda has maintained the key repo rate--at which it lends to commercial banks-- at 5 per cent and said domestic economic growth is likely to slow down.
The Bank's Governor, John Rwangombwa says that there was low production in the agriculture season A hence leading to the continued rise in commodity prices.
Rwangombwa says that the Bank was working with stakeholders to limit the impact of external pressures on Rwanda's purchasing power.
The Monetary Policy Committee will continue to monitor domestic and global economic developments to inform future decisions.
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The Bank's Governor, John Rwangombwa says that there was low production in the agriculture season A hence leading to the continued rise in commodity prices.
Rwangombwa says that the Bank was working with stakeholders to limit the impact of external pressures on Rwanda's purchasing power.
The Monetary Policy Committee will continue to monitor domestic and global economic developments to inform future decisions.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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