Uganda, Rwanda pursue opposite policies to shield their economies
Rwanda's Consumer Price Index, the main gauge of inflation, increased by 11.9 per cent year on year in July 2023 down from 13.7 per cent in June 2023. PHOTO | NMG
Rwanda and Uganda this week adopted divergent policies to shield their economies against uncertainties.
National Bank of Rwanda (NBR) on Thursday raised its policy rate by 50 basis points in an effort to contain inflationary pressures and protect economic growth.
