Rwanda: Hard to Tame Inflation With Rain-Dependent Farming

6 September 2013
analysis

Food inflation is likely to present the biggest challenge to macro-economic stability and GDP growth in the East African region in the long-term as long as our agriculture remains predominantly reliant on rain.

Indeed, while presenting the Monetary Policy and Financial Stability Statement for first half of 2013 early last month, the governor of the National Bank of Rwanda (BNR), John Rwangombwa pinned hope for Rwanda to achieve this year's projected growth of 7.5 per cent partly on moderate inflation in global and regional trading partners.

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