CBR sheds a half point

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By Silvia Nyambura Bank of Uganda (BOU) has today reduced the Central Bank Rate (CBR) for April by 0.5% to 11%. According to Governor Emmanuel Mutebile, this is because core inflation is forecast to remain around the medium-term target of 5%. In addition, easing the monetary policy will support private sector credit and economic growth momentum. Addressing journalists at BOU headquarters in