Editor, RE: “Rwanda’s economy strong amid unstable global trend” (The New Times, August 28). A collective commitment on the future of our economy is necessary and urgent; key players are required to move an extra mile. The central bank can’t engage in a lonely fight and win that battle if commercial banks and the private sector do not take a revolutionary stand especially their methods of work. In fact, I wish to echo MPs concerns on interest rates—it is a “grasshopper” scenario. Global economic pressure should not hurt business community and then the banks hide “heads” in the sand like “ostriches” and expect miracles from BNR. Repo rate has remained friendly for some time; why not an equal action on the side of banks? I say the reasons advanced by commercial banks are not permeable to the citizens’ expectations. Citizens should equally tame their tastes; consuming what we produce is crucial; tightening belts for more exports and spending wisely our dollars remains urgent and indispensable. JK
