Rwanda secures $268m IMF funding
The fund noted that Rwanda’s economic growth remained robust, but macroeconomic imbalances have intensified.
Stay updated with breaking news from Rwanda Inflation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The fund noted that Rwanda’s economic growth remained robust, but macroeconomic imbalances have intensified.
Figures released by NBR, show that the Rwandan franc depreciated by 8.8 percent against the dollar in the first six months of 2023.
National Bank of Rwanda governor said no further increments are expected as inflation is expected to be contained to single digits by next year.
Rwanda is among the top ten countries globally worst affected by food price inflation, while nominal food inflation rose by 34 per cent between June and September this year.
The central bank rate increase is the biggest since 2009 on account of soaring inflation.