{"id":41861,"date":"2020-08-14T14:09:47","date_gmt":"2020-08-14T14:09:47","guid":{"rendered":"https:\/\/new.igihe.com\/central-bank-of-rwanda-maintains-repo-rate-at-4-5\/"},"modified":"2020-08-19T16:02:45","modified_gmt":"2020-08-19T16:02:45","slug":"central-bank-of-rwanda-maintains-repo-rate-at-4-5","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/central-bank-of-rwanda-maintains-repo-rate-at-4-5\/","title":{"rendered":"Central Bank of Rwanda maintains repo rate at 4.5%"},"content":{"rendered":"<p>The rate was approved at a BNR Monetary Policy Committee meeting held on Wednesday, August 12, 2020.<\/p>\n<p>In April 2020, BNR reduced the bank\u2019s lending rate from 5% to 4.5% to help cope with the COVID-19 pandemic and facilitate the country&#8217;s economic development.<\/p>\n<p>A statement from the BNR said, \u201cThis decision along with other policy measures implemented by the government, will support commercial banks to continue financing business and households.\u201d<\/p>\n<p>The Coronavirus pandemic has slowed the global economy in general, according to the International Monetary Fund (IMF), which estimates that the global economy will grow by -4.9% in 2020, the latest in a series of global economic downturns since 2008. Last year the world economy grew by 2.9%.<\/p>\n<figure class=\"spip-document spip-document-36474 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/png\/bnr_annual_rb867-f64bc-6739f.png\" alt=\"BNR has maintained the key repo rate at 4.5% to continue helping businesses \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Rwanda, BNR, has maintained the key repo rate at 4.5% to continue helping businesses as the economy recovers from the effects of Coronavirus pandemic.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[204],"hashtag":[],"class_list":["post-41861","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-elina-jonas-ruzindaza"],"bylines":[{"id":204,"name":"Elina Jonas Ruzindaza","slug":"elina-jonas-ruzindaza","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":103}],"contributors":[{"id":204,"name":"Elina Jonas Ruzindaza","slug":"elina-jonas-ruzindaza","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":103}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41861","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\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=41861"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41861\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=41861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=41861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=41861"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=41861"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=41861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}