Rwanda Central Bank Raises Key Rate to 7.25% as Inflation Climbs Above Target
Rwanda’s central bank has raised its key policy rate to 7.25% from 6.75% in a bid to curb rising inflation and bring price growth back within its target range of 2% to 8%.
Rwanda’s central bank has raised its key policy rate to 7.25% from 6.75% in a bid to curb rising inflation and bring price growth back within its target range of 2% to 8%.
While Rwanda’s economy continues to grow, rural residents are being left out of its benefits, consumer rights advocates said Tuesday, urging banks to expand services beyond urban centers.
Rwanda’s Chamber of Deputies has approved the relevance of a draft law designed to strengthen the independence, governance and financial sustainability of the National Bank of Rwanda.
GTBank (Rwanda) Plc has introduced a new loan product offering up to 2 billion Rwandan francs ($) to businesses and up to 500 million francs to individuals at an annual interest rate of 8%.
AD Finance, a Kigali-based financial services firm, has launched an enterprise resource planning (ERP) software built on the open-source platform Odoo, aiming to help Rwandan businesses digitize operations ranging from inventory and manufacturing to payroll and financial reporting.
Rwanda’s financial landscape took a significant step toward full digital integration with the nationwide launch of eKash, an interoperable payment platform that enables instant, low-cost transfers across banks, mobile money operators and financial institutions.
BPR Bank Rwanda Plc has provided 4.3 million Rwandan francs to Kayonza District to support community-based health insurance for 1,456 vulnerable residents.
The National Bank of Rwanda (BNR) has completed trials of its digital currency, conducted with small groups of participants from the financial and technology sectors.
Rwanda is fast-tracking its ambition to build a fully digital economy with the introduction of eKash, a locally developed payment system designed to connect all financial services under one platform and make cashless transactions more accessible for citizens and businesses alike.
BPR Bank Rwanda has thanked its customers for their continued trust and pledged to strengthen its partnership with them, marking the end of its annual Customer Service Week.
