Fitch Affirms Rwanda at 'B+'; Outlook Stable
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Fitch Ratings has affirmed Rwanda's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.
Fitch Ratings has affirmed Rwanda's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.
Rwanda's central bank lowered its Central Bank Rate (CBR) by 50 basis points to 5.0 percent to help sustain growing domestic demand and help drive inflation towards 3.0 percent in 2019.
The Rwandan central bank decided on Tuesday to maintain the key repo rate at 5.5 percent, citing positive macroeconomic conditions that are expected to continue.Rwanda's economic growth in the second quarter of 2018 was 6.7 percent compared to 4.0 percent in the same period of 2017, John Rwangombwa, governor of the National Bank of Rwanda, told a press briefing following a monetary policy committee meeting of the bank in the capital city, Kigali.
Rwanda's central bank kept its benchmark repo rate steady at 5.50 percent, saying positive macroeconomic conditions, including low inflationary and exchange rate pressures, seen in the second quarter of this year "are likely to prevail in the remaining part of 2018."