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Economy
Bank of Uganda raises rates to highest levels in nearly 7 years, nods to strong inflation pressures
The Bank of Uganda raised interest rates for the second time in as many months on Monday, citing the risk of increased inflationary pressures due to a weak shilling
April 8, 2024
Economy
Inflation eases slightly in March
Consumer prices eased in March as prices of food and related items fell and energy inflation moderated, the Uganda Bureau of Statistics said Thursday
March 28, 2024
Economy
Bank of Uganda’s Monetary Policy Statement for March 2024 — Full text
On 6 March 2024, a special meeting of the Bank of Uganda's Monetary Policy Committee increased the Central Bank Rate to 10 per cent
March 8, 2024
Economy
Interest rates raised by 0.5% to stem shilling’s slide
The central bank raised its key interest rate at an emergency meeting to stem a “sharp depreciation” of the shilling caused by offshore investor outflows and in the wake of resurgent inflation
March 6, 2024
Economy
Consumer prices grow at fastest pace in six months
A surge in services prices, driven by increases in education and restaurant and accommodation services, pushed inflation to its fastest pace in six months in February
February 29, 2024
Economy
BoU keeps rates on hold, raises inflation forecast
Bank of Uganda said that economic activity continues to strengthen, although the weakening shilling could lead to a modest increase in inflationary pressures
February 6, 2024
Economy
Consumer prices jump, closing door on interest rate cuts
Consumer prices rose in January on higher transport and other service costs, pushing up the core inflation gauge preferred by policymakers
January 31, 2024
Economy
Kampala metro house prices see biggest rise since 2021
In the last quarter of 2023, house prices in the Greater Kampala Metropolitan Area experienced their largest increase since Q2 2021
January 1, 2024
Economy
Inflation flat in December, but core rate up for first time since February
Inflation was flat in December, although core prices, which are more closely monitored by policymakers, accelerated for the first time since February
December 29, 2023
Economy
Bank of Uganda maintains policy rate at 9.5%
Central bank kept its key policy rate unchanged, as well as the rediscount rate and the bank rate
December 6, 2023
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