Top Tweets for #MPFSS2022
DG @SorayaMHlive on inflation and the banking sector: #Rwanda-ns can be comforted by the fact that the banking sector has enough capital and liquidity despite factors such as supply-chain constraints and the Russia-Ukraine war.
#MPFSS2022
DG @SorayaMHlive on the insurance: Insurance penetration rate in #Rwanda is still low- at 1.6%. Bringing our large informal sector to the formal sector would improve the insurance penetration rate and increase the savings of these informal businesses.
#MPFSS2022
DG @SorayaMHlive on financial consumer protection: FSPs have the responsibility of giving enough information about prices of financial products and terms and conditions of loans so that consumers can make informed financial decisions.
#MPFSS2022
To all our stakeholders who attended and followed online, we can't thank you enough for making the #MPFSS2022 a success. Your contribution during the session was highly valued.
Thank You 🙏🙏
#MPFSS2022.
Monetary Policy & Financial Stability Statement | September 22 https://t.co/4Akf57CKLG
Governor @rwangombwajRW on cashless economy:
@CentralBankRw is collaborating with @RwandaICT, @RwandaLocalGov, @RwandaFinance service providers like @MTNRwanda & @AirtelMoney_Rw, and other local leaders to raise awareness about the benefits of a cashless economy.
#MPFSS2022.
Chief Economist @thierryk7 on the strength of the currency: In 2021H1, currency depreciation was 5.3%, while in 2022H1 it was 3.8%. Thus, the FRW was stronger compared to last year due to high exports therefore reducing pressure on the RWF.
#MPFSS2022
Chief Economist on teachers’ salary increases: An increase in teachers’ salaries across #Rwanda has no significant effect on inflation. In fact, a raise of teachers’ salaries was necessary to increase their purchasing power and allow them to afford their basic needs.
#MPFSS2022
@SorayaMHlive Governor @rwangombwajRW on price reductions: The inflation rate should not be below 0 because prices in the country must be high enough to encourage local and foreign investments, and make the market more competitive.
#MPFSS2022
Governor @rwangombwajRW on the impact of the Central Bank Rate: The effects of the CBR are not immediate, thus inflation will remain high at least until the end of this year. However, we expect prices to reduce because of the CBR by mid 2023.
#MPFSS2022
Governor @rwangombwajRW on subsidies: Government subsidies are expensive, which is why Government selectively targets commodities that affect Rwanda’s most vulnerable population. Such subsidies are on commodities such as fertilizers and public transport.
#MPFSS2022
Monetary Policy & Financial Stability Statement | September 22 https://t.co/4Akf57CKLG
🚨🚨NTIMUCIKWE🚨🚨
Uyu mugoroba, umuyobozi w'ishami rishinzwe politiki y'ifaranga muri @CentralBankRw arasobanura byimbitse Politiki y'Ifaranga.
Ntucikwe ni ikiganiro ‘Izingiro ry’ubukungu’ saa tatu z’umugoroba kuri @RwandaTV hamwe na @Uwajea & @Masanturaa
#MPFSS2022
You can download our full report here
#MPFSS2022
Download and Read the full Monetary Policy and Financial Stability Statement ⬇️⬇️⬇️⬇️
Link: https://t.co/1yWXR8LhB2
#MPFSS2022
#BNREngage
#KnowYourCentralBank
You can also download and read Governor @rwangombwajRW's #MPFSS2022 presentation here: ⬇️⬇️⬇️
Link: https://t.co/EJRpKD6hPi
#MPFSS2022
#BNREngage
#KnowYourCentralBank
Download and Read the full Monetary Policy and Financial Stability Statement ⬇️⬇️⬇️⬇️
Link: https://t.co/1yWXR8LhB2
#MPFSS2022
#BNREngage
#KnowYourCentralBank
On the sidelines of the #MPFSS2022, the National Bank of #Rwanda launched its “INTUMWA” chatbot, that comes to improve consumers’ concerns of all regulated FSPs by easing the channels of filing complaints to ensure that consumers’ voices are heard by FSPs.
#KnowYourCentralBank
During the last 3 months, the performance of eKash in terms of registration and volume continued to grow significantly.
New use cases are also expected to contribute on the banking and Rwandans seamless digital experience and growth.
#Twagiye eKash'less
#MPFSS2022
#BNREngage
During the last 3 months, the performance of eKash in terms of registration and volume continued to grow significantly.
New use cases are also expected to contribute on the banking and Rwandans seamless digital experience and growth.
#MPFSS2022
#BNREngage
#KnowYourCentralBank
During the last 3 months, the performance of eKash in terms of registration and volume continued to grow significantly.
New use cases are also expected to contribute on the banking and Rwandans seamless digital experience and growth.
#MPFSS2022
#BNREngage
#KnowYourCentralBank
Monetary Policy & Financial Stability Statement | September 22 https://t.co/4Akf57CKLG
impressive how the pandemic has spurred abnormal growth in e-payments #MPFSS2022
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