Economics
Rwanda’s Central Bank Cuts Benchmark Rate to Record Low
- Central bank rate cut to 4.5% from 5% to stimulate economy
- Government sees 2020 economic growth slowing to 3.5%
This article is for subscribers only.
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.
Rwanda’s central bank reduced its benchmark interest rate for the first time in about a year and lowered cash reserve requirements for banks to stimulate output amid the Covid-19 shock to the economy.