Consumer prices in Rwanda increased by 5 per cent on annual basis in August and rose 0.9 per cent on monthly basis, according to the latest Consumer Price Index (CPI) released by the National Institute of Statistics of Rwanda (NISR).
The National Bank of Rwanda (NBR) has kept its central bank rate (CBR) unchanged at seven percent, despite International Monetary Fund (IMF) push to tighten the monetary policy further to contain inflationary pressures in the economy.
Rwanda's consumer inflation accelerated for the second straight month in December 2022 on the back of higher food prices, official data has showed.
The National Bank of Rwanda (BNR) has increased the key repo rate from 5 percent to 6 percent in a bid to tame soaring inflationary pressures, while preserving the purchasing power of consumers.
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