Rwanda Central Bank Lifts Rate 50bps to 6.50%

The National Bank of Rwanda raised its key repo rate 50bps to 6.50% from 6.00% previously, with the interbank interest rate corridor changing to 4.50-8.50% and the discount rate now 10.50%. Bank Governor, Claver Gatete, said: "the real economic growth in Rwanda is likely to exceed the 7 percent initially projected for the year 2011. It is expected to reach 8.8 percent whereas the inflation...