US EditionBank of Uganda Holds Key Interest Rate Steady at 9.75% Amid Global Economic Shakes
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Bank of Uganda Holds Key Interest Rate Steady at 9.75% Amid Global Economic Shakes
The Bank of Uganda (BoU) announced today that it will maintain its benchmark interest rate, the Central Bank Rate (CBR), at 9.75%. This decision, revealed by Governor Michael Atingi-Ego following the Monetary Policy Committee (MPC) meeting on Tuesday, reflects the central bank’s cautious stance in the face of increasing uncertainties within the global economy, despite domestic inflation remaining comfortably near its target. In his official stat…
Bank of Uganda maintains key interest rate steady amid global uncertainty
Michael Atingi-Ego, Governor of Bank of Uganda (PHOTO/Courtesy) KAMPALA — Uganda’s central bank announced Wednesday it will maintain its benchmark interest rate at 9.75%, citing increased risks in the global economy despite domestic inflation remaining near its target. Bank of Uganda Governor Michael Atingi-Ego said in a statement following a Monetary Policy Committee (MPC) meeting on Tuesday that the decision reflects growing uncertainty in th…
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