Rwandan central bank cuts rates to historical low
Inflation falls from 6.4% to 2.2% in 12 months
Improvements in inflation, credit supply and GDP growth have prompted the National Bank of Rwanda to cut interest rates to their lowest level since the central bank’s creation in 1964.
“The financial sector remains adequately capitalised, liquid and profitable,” the central bank said in a statement following its December monetary policy meeting, where policymakers voted to lower interest rates to 5.5%.
According to central bank data, the Rwandan economy grew by 8% in the third quarter of 2017
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