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Its exciting to see continued strong growth in Rwanda’s digital payments and rapid adoption of eKash, from Governor @SorayaMHlive
@CentralBankRw @chippercashapp #MPFSS
Global economic growth is projected to be stable at 3.2% in 2024 and 3.3% in 2025 from 3.3% recorded in 2023. Sub-Saharan African economy is projected to grow by 3.7% in 2024 and 4.1% in 2025 after a growth of 3.4% in 2023.
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Looking ahead, financial institutions are projected to remain stable and resilient. The NBR will closely monitor emerging risks to financial stability, focusing on vulnerabilities from supply chain disruptions, climate change, and cybersecurity.
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Retail e-payments as a percentage of GDP have seen significant growth, driven by the increasing reliance on digital payment channels. Government-led initiatives promoting financial inclusion and the transition toward a cashless society have been key contributors.
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The financial sector remains sound and stable, supported by high capital and liquidity buffers, as well as quality assets.
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Headline inflation (y-o-y) is projected to remain within the target bounds in 2024. This is due to agricultural production normalizing. the effect of NBR's monetary policy decisions, other government policy measures, and the impact on the global economy.
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In 2024, the strong growth momentum continues, the Real GDP grew by 9.8% in 2024H1, driven by strong performance across all economic sectors.
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Inflation is projected to fall to 5.9% in 2024 and 4.4% in 2025 from 6.7% in 2023. Inflation in Sub-Sahara Africa is projected to decrease slightly to 15.3% in 2024 and 12.4% in 2025 from 16.2% recorded in 2023.
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Global economic growth is projected to be stable at 3.2% in 2024 and 3.3% in 2025 from 3.3% recorded in 2023. Sub-Saharan African economy is projected to grow by 3.7% in 2024 and 4.1% in 2025 after a growth of 3.4% in 2023.
#MPFSS
#BNREngage
#KnowYourCentralBank
Happening Now: The Monetary Policy and Financial Stability Statement (MPFSS) is live! Tune in for key insights on Rwanda’s economic outlook and financial sector growth. Don’t miss out!
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Five major economic highlights in the first six months of 2023.
From @CentralBankRw presentation of #MPFSS
https://t.co/i5ICUCY8Nr
Governor @rwangombwajRW: The surge observed in core inflation during 2022H1 is attributed to a rise in its components mainly:
- Core food inflation reflecting a rise in prices of some international food prices. (1/3)
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What are your expections for this week's Monetary Policy and Financial Stability Statement?
You can share your Questions or Comments through our #MPFSS app downloadable on https://t.co/1Oc49gVpMJ for both iOS and Andriod or tweet us by using #MPFSS2019
Glad to see that the rate of non-performing loans decreased in the #Rwanda-n #Microfinance sector from 12.3% to 8% between June 2017 and June 2018. Let's keep the momentum @AMIR_Rwanda #MPFSS2018 #MPFSS
Please use the app below to interact with us on #MPFSS. Your views and feedback are important to us. @CentralBankRw
#Rwanda: On Thur 30/8/2018 Governor @rwangombwajRW will present the Monetary Policy and Financial Stability Statement at Kigali Convention Centre. You can download the MPFSS App for this event to register, live stream, interact with panelists, download documents &give feedback
The banking sector's average liquidity ratio was at 42.8% as of June 2016 down from 49.5% in June 2015, but still above 20% benchmark #MPFSS
The Monetary Policy and Financial Stability Statement #MPFSS 2016 will be out tomorrow https://t.co/yqM7XH1eyP
Goodmorning #Rwanda Don't miss Gvnr @rwangombwajRW presentation of the Monetary Policy&Financial Stability Statement
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