{"id":22230,"date":"2011-07-08T07:26:00","date_gmt":"2011-07-08T11:26:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=70934ad0c0eb29af98c572eee77f6f1d"},"modified":"2011-07-08T07:26:00","modified_gmt":"2011-07-08T11:26:00","slug":"national-bank-of-rwanda-holds-interest-rate-at-6-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/08\/national-bank-of-rwanda-holds-interest-rate-at-6-00\/","title":{"rendered":"National Bank of Rwanda Holds Interest Rate at 6.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The\u00a0<a href=\"http:\/\/www.bnr.rw\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">National Bank of Rwanda<\/a>\u00a0governor Claver Gatete announced that the Bank had\u00a0maintained its key lending rate unchanged at 6.00% at its July meeting. \u00a0Previously the Bank has noted that it expects inflation to be in the range of 8% by the end of December if current trends continue. \u00a0<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">Rwanda has seen inflation pick up to 4.54% in May, compared to 4.98% in April, and 4.11% in March, and 1.09% in January this year. \u00a0<\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">At its April meeting the Bank also held the key monetary policy <a href=\"http:\/\/www.centralbanknews.info\/2011\/04\/rwanada-central-bank-holds-rate-at-600.html\">interest rate<\/a> unchanged at 6.00%. \u00a0According to IMF data Rwanda saw annual GDP growth of 5.39% during 2010, meanwhile the IMF recently scaled down its growth estimate for Rwanda to 7% for 2011, from a previous forecast of 7.5%. \u00a0The IMF also noted that it is forecasting inflation of 7.5% for 2011 and cautioned the East African nation to tighten monetary policy in order to avoid second-round inflation effects of higher food and energy prices.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-4404099599660215144?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0National Bank of Rwanda\u00a0governor Claver Gatete announced that the Bank had\u00a0maintained its key lending rate unchanged at 6.00% at its July meeting. \u00a0Previously the Bank has noted that it expects inflation to be in the range of 8% by the end of D&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22230","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22230"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22230\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}