The Rwandan economy has been projected to grow at 6.3 per cent in 2016 in spite of the global economic slowdown forecasted by economists globally.

The projection was made in Kigali by John Rwangombwa, the governor of the central bank this morning while presenting the monetary policy and financial stability statement.

Rwangombwa said that they further expect the inflation rate to remain subdued or at least within the medium term projection within 4.5 to 5.5 per cent. 

To achieve this, he said that the Central Bank would continue implementing a prudent monetary policy and continue support the financing of the economy by the financial sector.

On the exchange rate which last year experienced some turbulence largely due to speculations by a section of players in the Forex market, he said that the market has been stabilised following the creation of an association of Forex Bureau operators.