{"id":23014,"date":"2011-08-09T05:20:00","date_gmt":"2011-08-09T09:20:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=233e7a701571e98b5d4858a4e12f31bb"},"modified":"2011-08-09T05:20:00","modified_gmt":"2011-08-09T09:20:00","slug":"rwanda-central-bank-holds-repo-rate-at-6-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/09\/rwanda-central-bank-holds-repo-rate-at-6-00\/","title":{"rendered":"Rwanda Central Bank Holds Repo Rate at 6.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"background-color: white;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.bnr.rw\/\" style=\"color: #3778cd; text-decoration: none;\">National Bank of Rwanda<\/a>&nbsp;held its key repo rate unchanged at 6.00%. &nbsp;Bank Governor, Claver Gatete, said: &#8220;Considering current developments and outlook in economic fundamental, central bank monetary policy will remain accommodative to sustain lending to the economy consistent with the growth objective in 2011,&#8221;. &nbsp;The IMF previously 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.&nbsp;<\/span><br \/><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif;\"><span class=\"Apple-style-span\" style=\"font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.centralbanknews.info\/2011\/08\/rwanda-central-bank-holds-repo-rate-at.html\" name=\"more\"><\/a><\/span><\/span><\/span><br \/><a name='more'><\/a><span class=\"Apple-style-span\" style=\"background-color: white;\"> <\/span><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><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&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/07\/national-bank-of-rwanda-holds-interest.html\">monetary policy<\/a>&nbsp;<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">interest rate<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">&nbsp;unchanged at 6.00%, meanwhile the bank last reduced the interest rate 100bps to 6.00% in November last year. &nbsp;Rwanda has seen inflation pick up to 5.82% in June, compared to 4.54% in May, 4.98% in April, and 4.11% in March, and 1.09% in January this year. &nbsp;<\/span>According 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%. &nbsp;<\/span><\/p>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><br \/><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\">www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-440655676966976411?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;National Bank of Rwanda&nbsp;held its key repo rate unchanged at 6.00%. &nbsp;Bank Governor, Claver Gatete, said: &#8220;Considering current developments and outlook in economic fundamental, central bank monetary policy will remain accommodative to &#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-23014","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23014","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=23014"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}