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Rwanda's economy forecast to grow 6.5 percent in 2015

Xinhua, April 3, 2015 Adjust font size:

Rwanda's economy will grow by 6.5 percent in 2015, down from 7 percent last year, said a joint forecast released by the government and the International Monetary Fund (IMF) on Thursday.

Announcing the forecast in Kigali, Rwandan Minister of Finance and Economic Planning Claver Gatete said that the projection is based on low inflation pressure estimated below 3.5 percent by the end of this year.

Meanwhile, the economy will benefit from lower oil prices, according to the IMF. After a slowdown growth rate of 4.7 percent in 2013, Rwanda's economy rebounded in 2014, up 7 percent in real terms.

The central bank has planned to continue easing its monetary policy to support the economy by financing the banking sector. Endi