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Rwanda central bank chief says policy expected to stay accommodative

Rwanda's central bank governor, John Rwangombwa, stated that the country's monetary policy is expected to remain accommodative as inflation is projected to stay below 5% until 2025. He also mentioned that Rwanda's economic growth is expected to surpass 8% this year. The central bank has already reduced its policy rate by 50 basis points in its past two meetings, bringing it down to 6.5%. Rwangombwa discussed the possibility of further rate cuts, stating that it would be decided by the monetary policy committee. He also highlighted climate change and geopolitical conflicts as major risks for the economy. Rwanda plans to renew its programs with the International Monetary Fund, focusing on policy advice rather than financing.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14052993/Rwanda-central-bank-chief-says-policy-expected-stay-accommodative.html
Source Id: 8399988733

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