The updated data confirms that the Rwandan economy has maintained a recovery trajectory towards achieving the projected annual growth of 10.2%. This is according to a document published on February 17, 2022 by the country’s central bank.
Indeed, details the issuing institute, the Rwandan economy is recovering thanks to “relevant measures” and the “successful vaccination program”, which led to the relaxation of restrictions linked to Covid-19. Thus, the GDP increased by 3.5% in the first quarter, by 20.6% in the second and by 10.1% in the third quarter. A “recovery trajectory” that the economy maintained in the 4th quarter, according to the same source.
“The economy is expected to continue to recover in 2022, with a projected growth of 7.2% supported by the government’s supportive macroeconomic policies,” concludes the central bank of Rwanda (BNR).
In addition, the issuing institution announces that it has raised its key rate by 50 basis points to 5% in order to counter inflation which, in January, rose to 4.3% against 1.9% in December. 2021
