Rwanda central bank maintained its key interest rate at 7.0%, following a 50 bps increase in February. The country’s annual inflation rate fell to a seven-month low of 28.4% in April from 31.0% in March and is expected to decelerate in H2 2023, considering an improvement in the agricultural sector. Meanwhile, the Rwandan economy is forecast to grow by 6.2% in 2023, a decline from 8.2% in 2022, primarily due to reduced global demand.