{"id":47549,"date":"2023-02-16T11:04:15","date_gmt":"2023-02-16T11:04:15","guid":{"rendered":"https:\/\/new.igihe.com\/bnr-increases-lending-rate-to-7\/"},"modified":"2023-02-16T12:04:45","modified_gmt":"2023-02-16T12:04:45","slug":"bnr-increases-lending-rate-to-7","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/bnr-increases-lending-rate-to-7\/","title":{"rendered":"BNR increases lending rate to 7%"},"content":{"rendered":"<p>The decision was reached during the quarterly meeting of the Monetary Police Committee and Financial Stability Committee held this week.  <\/p>\n<p>Also known as the key repo rate, the lending rate is the fee at which the Central Bank lends to commercial banks.<\/p>\n<p>The meeting determines the lending rate at which commercial banks will borrow money over the next three months. <\/p>\n<p>The Central Bank Governor, John Rwangombwa has said that global inflation is decreasing where it is likely to result in reduced prices in Rwanda.  <\/p>\n<p>He also expressed optimism that global inflation will fall below 8%.  <\/p>\n<figure class=\"spip-document spip-document-46222 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/ilkade.jpg\" alt=\"The Central Bank Governor, John Rwangombwa briefing members of the press on resolutions of the Monetary Policy and Financial Stability Committee Meeting.  \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{The National Bank of Rwanda (BNR) has increased lending rate from 6.5% to 7% in a bid to tame surging inflation and continue supporting the country\u2019s economic recovery.} <\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-47549","post","type-post","status-publish","format-standard","hentry","category-economy","tag-homenews","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\/47549","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\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=47549"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/47549\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=47549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=47549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=47549"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=47549"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=47549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}