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Fiscal Policy

This is the heartbeat. GDP, inflation, jobs, household income, cost of living, consumer spending. It answers one question. Is Rwanda getting richer or just more expensive.

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The e-Franc Frontier: Rwanda’s Bold Leap into the Future of Digital Money Fiscal Policy
Economy • 3 months ago

The e-Franc Frontier: Rwanda’s Bold Leap into the Future of Digital Money

The National Bank of Rwanda (NBR) conducted a five-month Proof of Concept (PoC) to assess how a future Central Bank Digital Currency (CBDC) could function in Rwanda’s financial system and what value it could bring to citizens, businesses, and the wider economy. Building on the earlier feasibility study, which identified opportunities in resilience, innovation, cashless payments, and cross-border efficiency, the PoC focused on validating these areas through hands-on testing, stakeholder collaboration, and structured user research.

Gaston Rucibigango 4 min read
Inside Rwanda’s Decision to Hike Rates to 7.25% Fiscal Policy
Economy • 3 months ago

Inside Rwanda’s Decision to Hike Rates to 7.25%

On 19 February 2026, the National Bank of Rwanda (BNR) announced a 50 basis point increase in its key policy interest rate, bringing it to 7.25% — the highest level in nearly three years. This decision came amid rising inflation pressures and aims to keep price growth under control while sustaining economic growth.

Gaston Rucibigango 5 min read