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Economy
Bank of Uganda postpones monetary policy meeting to Monday [Update]
The Bank of Uganda has called off its monetary policy committee meeting which was scheduled for Friday and said it will communicate a new date "soon"
April 3, 2020
Politics & Policy
Museveni replaces Doris Akol as URA head, appoints new BoU deputy governor
President Yoweri Museveni has replaced the head of the Uganda Revenue Authority, two years into her second term, and also appointed a new deputy governor for the Bank of Uganda to replace Louis Kasekende whose contract expired in January
March 29, 2020
Economy
Coronavirus: Bank of Uganda announces mitigation measures, to intervene in foreign exchange market
The Bank of Uganda has announced plans to ensure that banks and credit institutions continue to operate effectively as coronavirus roils the economy, and that it is engaging telecom companies and commercial banks to reduce transaction fees and charges
March 20, 2020
Economy
Central bank keeps benchmark lending rate steady
The Bank of Uganda on Thursday held its benchmark interest rate yet again in an effort to keep inflation down and below target, and to support economic growth
February 13, 2020
Economy
Consumer price inflation moderates in January
Uganda consumer price inflation moderated in January after striking its highest level in fifteen months in the previous month, lowering the probability that the Bank of Uganda will depart from its accommodative monetary policy when it sets interest rates later this month
February 1, 2020
Economy
Inflation ticks up to highest level since September 2018
Uganda's inflation rose to a fifteen-month high in December 2019, driven by a rise in the annual food crops and related items inflation
December 31, 2019
Economy
Bank of Uganda keeps rates unchanged to boost slowing economy
A slowdown in global economic activity and subdued domestic demand has weakened the economy and made clear the need for monetary and fiscal stimulus to support stronger growth, the Bank of Uganda has said
December 9, 2019
Economy
Consumer inflation rises to 5-month high
Uganda consumer price inflation increased for the second straight month in November, rising to its highest level in five months, boosted by a rise in core consumer prices
November 30, 2019
Economy
Bank of Uganda cuts policy rate to support economic growth
The Bank of Uganda has reduced interest rates for the first time since February 2018 in a bid to support economic growth
October 7, 2019
Economy
Central bank’s preferred measure of inflation eases to 14-month low
The Bank of Uganda's preferred measure of inflation eased to a 14-month low in September, a reading that gives its policy makers latitude to cut interest rates when they meet next Tuesday
October 1, 2019
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