{"id":460777,"date":"2018-07-03T11:56:35","date_gmt":"2018-07-03T10:56:35","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460777"},"modified":"2018-07-03T11:56:35","modified_gmt":"2018-07-03T10:56:35","slug":"rwanda-central-bank-maintains-rate-at-5-5-and-raises-growth-forecast","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/03\/rwanda-central-bank-maintains-rate-at-5-5-and-raises-growth-forecast\/","title":{"rendered":"Rwanda: Central Bank maintains rate at 5.5% and raises growth forecast"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>It is on a rate of 5.5% that financial institutions in Rwanda will continue to lend in the third quarter of 2018, according to a note from the Rwandan Central Bank released Tuesday, June 26.<br \/>\nA rate maintained due to positive macroeconomic conditions, including low inflation and exchange rate pressures, observed in the second quarter of the year and expected to prevail the rest of the year, according to Central Bank Governor John Rwangombwa .<br \/>\nAccording to the results published, headline inflation stood at 3% in May compared with 0.9% in the first quarter of 2018 due to higher food and energy prices as well as transportation costs.<br \/>\nIn addition, the institution raised its growth forecast to 7.2% this year, in line with the projections of the International Monetary Fund, based on its forecast of 6.5% in March.<br \/>\n&#8220;The pressure on exchange rates remained low, compared to 2017, the Rwandan franc depreciated by 1.5% against the US dollar at the end of May 2018, against respectively 1% and 4% over the same period in 2017 and 2016 &#8220;, the Central Bank announced at the same time.<br \/>\nNote that last week, the Rwandan Ministry of Finance announced that the country&#8217;s economy grew by 10.6% in the first quarter of 2018, with GDP at current market prices estimated at RWF 1 985 billion (2 US $ 3 billion), compared with Fr. 1,816 billion (US $ 2.1 billion) the previous year.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>It is on a rate of 5.5% that financial institutions in Rwanda will continue to lend in the third quarter of 2018, according to a note from the Rwandan Central Bank released Tuesday, June 26. A rate maintained due to positive macroeconomic conditions, including low inflation and exchange rate pressures, observed in the second quarter<\/p>\n","protected":false},"author":527297,"featured_media":460782,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[315,12871],"class_list":{"0":"post-460777","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-central-bank","9":"tag-rwanda-en","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rwanda: Central Bank maintains rate at 5.5% and raises growth forecast - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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