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Rwanda's central bank left its benchmark interest rate steady, saying it was maintaining an accommodative monetary policy stance as inflation is projected to evolve around the lower bound of its inflation target while there is a need to support the financing of the economic by banks.
Rwanda's central bank left its Central Bank Rate (CBR) steady at 4.5 percent, saying it was maintaining an accommodative policy stance while economic growth in the third quarter is expected to reflect the ongoing economic recovery and inflation to ease from the fourth quarter.
Fitch Ratings has affirmed Rwanda's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.
Rwanda's central bank left its benchmark interest rate steady at 4.50 percent, saying it was maintaining an accommodative monetary policy stance to support commercial banks to continue financing businesses and households considering that inflation is projected to decelerate in the last quarter of this year.
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