(Adds detail, context in paragraphs 2-3)
KIGALI, Feb 16 (Reuters) - Rwanda's central bank on
Thursday raised its key interest rate to 7.0%, up from 6.5%.
The National Bank of Rwanda said pressures from inflation,
which hit 20.7% in January , were expected to remain
in the short term before inflation falls to below 8% by the end
of the year.
The war in Ukraine pushed up commodity prices last year,
causing average headline inflation to leap to 13.9% in 2022, up
from 0.8% the previous year, the bank said.
(Reporting by Philbert Girinema; Writing by Hereward Holland;
Editing by Alexander Winning)
Reuters Messaging:
hereward.holland.thomsonreuters.com@reuters.net))
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