Managing Inflation: Bank of Uganda pushes CBR to 9 percent

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The Bank of Uganda has increased the Central Bank Rate (CBR) by 50 basis points to 9 percent. The revelation was made by Michael Atingi-Ego - Deputy Governor in a Monetary Policy Statement for August 2022 on Thursday. “The economy continues to face strong cost-push inflation pressures from the external environment, dry weather conditions, and exchange rate depreciation amidst weak domestic

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