Rwanda central bank holds key rate despite pickup in inflation - Blue Water Healthy Living

Central bank maintains key interest rate at 6.5%

The National Bank of Rwanda’s (BNR) Monetary Policy Committee (MPC) has maintained its key interest rate at 6.5 per cent in a move the bank says will sustain efforts to curb consum...

Rwanda central bank holds key rate despite pickup in inflation - Blue Water Healthy Living

By Philbert Girinema KIGALI (Reuters) -Rwanda’s central bank kept its key interest rate unchanged at 6.5% for the second monetary policy meeting in a row, saying that despite a recent pickup in inflation it expected it to remain within its target band. Annual inflation rose to 7.4% in January, approaching the top of the National Bank of Rwanda’s 2%-8% target range. The rise in inflation in recent months was caused by unfavourable weather conditi…