Rwanda’s Central Bank Maintains Key Repo Rate at 5%

National Bank of Rwanda has maintained the key repo rate--at which it lends to commercial banks-- at 5 per cent and said domestic economic growth is likely to slow down. <br />The Bank's Governor, John Rwangombwa says that there was low production in the agriculture season A hence leading to the continued rise in commodity prices. <br />Rwangombwa says that the Bank was working with stakeholders to limit the impact of external pressures on Rwanda's purchasing power. <br />The Monetary Policy Committee will continue to monitor domestic and global economic developments to inform future decisions.