Uganda central bank holds key lending rate at 10 percent

Aug 12, 2017

Uganda's central bank left its key lending rate unchanged at 10 percent on Friday, saying economic activity was picking up.

Bank of Uganda Governor Emmanuel Tumusiime-Mutebile said the economy had gathered momentum in first half of 2017 and would grow at 5 to 5.5 pct in 2017/18.

"Given the fact that inflation is expected to remain around the medium- term target and that economic activity is picking up, with output approaching potential ... the BoU will therefeore leave CBR unchanged," Tumusiime-

Mutebile told a news conference.

Reporting by Elias Biryabarema, editing by Larry King; Writing byClement Uwiringiyimana (Reuters)

  1. Opinions and Analysis

Calender

« November 2017 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30