Rwanda raises key rate to 8.75% in third straight hike

Bloomberg · 2 days ago
  • Rwanda's monetary policy committee raised the key interest rate to 8.75% from 8.25%.
  • The move was the central bank's third consecutive rate increase and took the policy rate to its highest level since 2009.
  • Governor Soraya Hakuziyaremye said the increase was intended to contain inflation.

Quotes

The monetary policy committee lifted the rate to 8.75% from 8.25%, Governor Soraya Hakuziyaremye told reporters on Thursday.Bloomberg

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