Central bank reduces cash reserve ratio to shield Uganda Kezio-Musoke David
Publication details: Nairobi Nation Media Group March 30-April 1 2009Description: p.20, The EastAfrican, March 30-April 5 2009Subject(s): Summary: National Bank of Rwanda has reduced the cash reserve ratio as a cushion against the effects of the global financial crisis. The central bank however, has emphasized that the ultimate objective remains the safeguarding of a stable financial environment conducive to high growth rates. Falls in oils and food prices, and brisk trade are mitigating factors.
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National Bank of Rwanda has reduced the cash reserve ratio as a cushion against the effects of the global financial crisis.
The central bank however, has emphasized that the ultimate objective remains the safeguarding of a stable financial environment conducive to high growth rates.
Falls in oils and food prices, and brisk trade are mitigating factors.
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