Economic performance in Uganda Archives

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

by Nelson NambooleFinance News & AnalysisOctober 6, 2022October 6, 2022

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…

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October sees Economic activity up as employment remained stunted amid cost pressures- Stanbic Study

by CEO ReporterAdvertising & Communication Finance Industry & Analysis News & AnalysisNovember 3, 2021November 3, 2021

Uganda’s private sector recorded a third successive monthly increase in business activity during October thanks to a return to normal operating conditions and increase in new orders, but companies were not hiring more workers during this period.The headline Stanbic Purchasing Managers’ Index (PMI) rose to 54.6 in October from 52.5…

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