Rwandan central bank sees inflation and interest rates drop in H1
Semi-annual financial stability statement finds reasons to be cheerful
"Sustained and well-coordinated monetary and fiscal policies" helped keep the annual rate of inflation in Rwanda below the 5% target in the first half of 2014, the central bank's half-yearly financial stability statement said today.
Market interest rates, deposit interest rates and lending rates "declined in line with [the central bank's] monetary policy stance aiming at stimulating credit to the private sector and with good banking system liquidity conditions" – with deposit interest rates of
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