Uganda economy
BoU Governor Directs Banks To Drop Lending Rates
Bank of Uganda (BoU) Governor Emmanuel Tumusiime-Mutebile has told commercial banks to immediately drop their lending rates after revealing a reduction in the Central Bank Rate (CBR) to 17 percent from 19 percent. ... Full story
Uganda Yields Tumble At Auction, Shilling Holds Steady
Uganda's borrowing costs tumbled on Wednesday thanks to heavy demand, but the shilling was largely unchanged due to the low uptake by foreign investors, meaning an expected surge in greenback inflows failed to materialise. ... Full story
BoU Retains Commercial Bank Lending Rate At 21%
Bank of Uganda will pause its easing of monetary policy and hold the Central Bank Rate (CBR) at 21 percent in April. ... Full story
Uganda Shilling Slips Vs Dollar, Seen Rangebound
The Uganda shilling retreated on Tuesday, pressured by surging demand for dollars from the oil sector and in the interbank market which upset a rally so far in 2012. ... Full story
BoU Cuts Bank Interest Rate
Bank of Uganda (BoU) has today reduced the Central Bank Rate (CBR) to 22 percent in February 2012 from 23 percent. ... Full story
