KIGALI, Feb. 19 (Xinhua) -- The National Bank of Rwanda (BNR) has increased its benchmark central bank rate by 50 basis points to 7.25 percent, as policymakers move to contain rising inflation while safeguarding financial stability, the bank's governor said Thursday.
"The decision to raise the policy rate is aimed at limiting second-round effects of recent price increases and supporting a timely return of inflation to the target range," Soraya Hakuziyaremye told reporters following meetings of the Monetary Policy Committee and Financial Stability Committee.
