{"id":37774,"date":"2018-06-27T10:00:40","date_gmt":"2018-06-27T10:00:40","guid":{"rendered":"https:\/\/new.igihe.com\/central-bank-assures-on-7-2-gdp-growth-in-2018\/"},"modified":"2018-06-29T16:12:05","modified_gmt":"2018-06-29T16:12:05","slug":"central-bank-assures-on-7-2-gdp-growth-in-2018","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/central-bank-assures-on-7-2-gdp-growth-in-2018\/","title":{"rendered":"Central Bank assures on 7.2% GDP growth in 2018"},"content":{"rendered":"<p>In a media conference Tuesday, the Governor of Central Bank, John Rwangombwa said that the quarterly Monetary Policy Committee found that the Rwandan economy continues to register strong performance. <\/p>\n<p>\u201cThe projection by the Ministry of Finance and Economic Planning of 7.2% is quiet possible because the total turnovers grew by 16.5 percent during the first five months of 2018 from 16.2 percent in the same period of 2017,\u201d he said.<\/p>\n<p>The National Institute of Statistic of Rwanda (NISR) recently revealed that in quarter one of this year, GDP grew by 10.6%, a growth which was attributed to the increase in agricultural production by 8%, industries by 7% and services by 12%. <\/p>\n<p>Rwangombwa said that Rwanda\u2019s formal trade deficit reduced by 1.4 percent during the first five months of 2018 compared to the same period of 2017, following an increase in formal exports receipts by 29.0 percent which overweighed the increase in formal imports of 9.0%. <\/p>\n<p>\u201cThe value of our exportation like minerals, agricultural products like coffee and tea were remarkably raised,\u201d he said.<\/p>\n<p>He said that consistent with the performance of the external sector, exchange rate pressures remained subdue. Compared to December 2017, the Rwandan Currency depreciated by 1.5% against the USD as at the end May 2018 from 1.0% and 4.0% observed during the same period of 2017 and 2016 respectively. <\/p>\n<figure class=\"spip-document spip-document-25928 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/ry6b0006-2-3eb96.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-25929 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/ry6b0022-4-c203c.jpg\" alt=\"Central Bank Governor, John Rwangombwa\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank (BNR) has announced that leading indicators of economic activities show that the economy has continued to perform well in five first months of 2018 tending towards attaining the 7.2 percent Gross Domestic Product (GDP) growth projection in this year.<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[72],"byline":[170],"hashtag":[],"class_list":["post-37774","post","type-post","status-publish","format-standard","hentry","category-news","tag-featured-news-home","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=37774"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37774\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=37774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=37774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=37774"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=37774"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=37774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}