accountThe Bank of Uganda raised its new monetary policy interest rate (the central bank rate [CBR]) by 300 basis points to 23.00% from 20.00% previously. The Bank also raised the rediscount rate to 28.00% and the Bank Rate to 29.00%, by the same margin. Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, said: "The Bank of Uganda expects that inflation will peak in the coming months and will...
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