Rwanda holds 6.75% key rate as inflation eases

• Central bank holds rate at 6.75% amid easing inflation
• Lending rates expected to stay steady for households, businesses

KIGALI, RWANDA – Rwanda’s central bank has kept its benchmark rate at 6.75%, betting that stable inflation and improving economic conditions will hold through the remainder of the year.

The Monetary Policy Committee (MPC) said the decision followed an assessment of global and domestic trends and concluded that the rate “is appropriate to keep inflation within its target band.”