Rwanda raises central bank rate 50bp to 8.75% as inflation surges
On 27 August 2026 the National Bank of Rwanda’s Monetary Policy Committee raised the Central Bank Rate by 50 basis points to 8.75%, citing elevated inflation (14.5% in July) and upside risks that justify further monetary tightening to anchor expectations.
The desk brief
On 27 August 2026 the National Bank of Rwanda’s Monetary Policy Committee raised the Central Bank Rate by 50 basis points to 8.75%, citing elevated inflation (14.5% in July) and upside risks that justify further monetary tightening to anchor expectations.
A 50bp policy-rate increase directly raises the cost of central-bank and commercial-bank funding in Rwandan francs, tending to push up short-term local yields and lending rates, slow household and corporate credit growth, and help anchor inflation expectations. The move is country-specific; it does not by itself imply changes to USD sovereign spreads or other African FX curves.
BNR updates on inflation projections and the next MPC meeting (date and statement).
Sources & verification
Developing storyFurther independent confirmation is required.
- Rwanda Central Bank Raises Key Interest Rate to 8.75% as Inflation Hits 14.5% - KT PRESSktpress.rwSource published (opens in a new tab)
- How 8.75% central bank interest rate will influence household, business decisionsnewtimes.co.rwSource published (opens in a new tab)
Public references supporting this brief.
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- Rwanda 31Aug 203194.3136.925%
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