BOU pushes Central Bank Rate to 10% as Inflation rises to 10%

Getting your Trinity Audio player ready...

Bank of Uganda - BOU has yet again increased Central Bank Rate - CBR to 10% from 9% where it has been for less than two months. Earlier in August this year the Central Bank announced the increment of the CBR by 50 basis points to 9% from 6.5% in a bid to manage inflation. Now, Michael Atingi-Ego, Deputy Governor, has revealed that at the Monetary Policy Committee (MPC) meeting held on 6 Octo