Rwanda keeps key interest rate at 6.5 pct to curb inflation


KIGALI, Nov. 21 (Xinhua) -- Rwanda's central bank has decided to maintain its key interest rate at 6.5 percent for the next quarter to tame inflation, John Rwangombwa, governor of the National Bank of Rwanda, said Thursday.

Following a meeting of the Monetary Policy Committee (MPC) and Financial Stability Committee (FSC) in the capital, Kigali, Rwangombwa told reporters that inflation in the third quarter of 2024 remained within the target range of 2 to 8 percent due to improved agriculture, prior monetary measures, and easing prices for key global commodities.

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