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)