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BoU Maintains Key Lending Rate At 9.75% Amid Fears Inflation Could Rise Faster & Disrupt Economic Activity » Business Focus

Summary by Business Focus
Michael Atingi-Ego, the BoU Deputy Governor Bank of Uganda’s Monetary Policy Committee on Thursday maintained the Central Bank Rate (CBR) at 9.75% in order to control inflation while fostering Uganda’s economic growth and socio-economic transformation. The CBR is a benchmark lending rate for commercial banks. While issuing the Monetary Policy Statement, Michael Atingi-Ego, the BoU Deputy Governor, said although inflation is expected to rise in t…
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BoU Maintains Key Lending Rate At 9.75% Amid Fears Inflation Could Rise Faster & Disrupt Economic Activity » Business Focus

Michael Atingi-Ego, the BoU Deputy Governor Bank of Uganda’s Monetary Policy Committee on Thursday maintained the Central Bank Rate (CBR) at 9.75% in order to control inflation while fostering Uganda’s economic growth and socio-economic transformation. The CBR is a benchmark lending rate for commercial banks. While issuing the Monetary Policy Statement, Michael Atingi-Ego, the BoU Deputy Governor, said although inflation is expected to rise in t…

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Business Focus broke the news in on Friday, February 7, 2025.
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