EconomicsFinance

Economics: Rwanda’s National Bank Pegs Interest Rate At 5.0%

In Rwanda interest rates decisions are taken by the National Bank of Rwanda. The official interest rate is the Key Repo Rate.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 9.00 5.00 2005 – 2019 percent Daily

The National Bank of Rwanda kept its benchmark interest rate steady at 5.0 percent on August 14th 2019, to support domestic demand. Inflation rose to an over one-year high of 1.6 percent in July, mainly due to lower food supply caused by drought conditions. Interest Rate in Rwanda averaged 7.21 percent from 2005 until 2019, reaching an all time high of 9 percent in September of 2005 and a record low of 5 percent in May of 2019.

Rwanda Money Last Previous Highest Lowest Unit
Interest Rate 5.00 5.00 9.00 5.00 percent [+]
Interbank Rate 5.49 5.45 12.85 2.28 percent [+]
Deposit Interest Rate 5.39 5.95 11.01 5.00 percent [+]
Lending Rate 16.80 16.59 17.85 14.16 percent [+]
Money Supply M1 1032.90 977.10 1032.90 79.50 RWF Billion [+]
Money Supply M2 1731.90 1668.00 1731.90 118.20 RWF Billion [+]
Money Supply M3 2223.30 2140.00 12749.90 148.20 RWF Billion [+]

 

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