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Rukiga County MP Katabaazi Backs BoU rate hike to rescue shilling
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Rukiga County MP Katabaazi Backs BoU rate hike to rescue shilling
In a statement posted on his X handle on Thursday, Katabaazi, who doubles as the Rukiga County Member of Parliament, said the increase in the benchmark lending rate could make government bonds more attractive to foreign investors, potentially increasing demand for the shilling and easing depreciation pressures.
·Uganda
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