National Bank Of Rwanda Drops Lending Rate To 4.5%
The National Bank of Rwanda (BNR) has cut the Central Bank Rate (CBR) from 5% to 4.5% to support commercial banks to continue financing the economy following recent negative economic developments caused by the COVID-19 pandemic. The decision was made by the Monetary Policy Committee (MPC) on April 29, 2020 that had met to assess …
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