Thursday, February 24, 2011

National Bank of Rwanda Holds Rate at 6.00%

The National Bank of Rwanda maintained its key repo rate unchanged at 6.00% in order to support its growth objective of 7% or more in 2011. Rwanda recorded real GDP growth of 7.4% in 2010; while the Bank estimated December 2010 inflation as 0.2% year on year, compared to 5.7% in 2009. The National Institute of Statistics of Rwanda reported inflation of 1.09% in January, up from 0.23% in December.


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