FinanceIndustry & Analysis

6.5% CBR meant to meet inflation target in the medium term – BoU

by CEO Reporter
Bank of Uganda governor Professor Emmanuel Tumusiime Mutebile. He notes that the Omicron variant that has injected renewed uncertainty to the global economic picture.
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The Bank of Uganda (BoU) at the Monetary Policy Committee meeting of December 2021, maintained the Central Bank Rate (CBR) at 6.5%. The Central Bank says maintaining the CBR at 6.5% is meant to meet the inflation target of 5 per cent in the medium term. In a monetary policy statement, BoU Governor Emmanuel Tumusiime Mutebile, said economic activity is gradually normalizing after the second w

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