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Economy
Central bank details key debt relief measures to ease coronavirus hit
The measures include the opportunity to pause loan repayments, the chance to extend maturity dates of loans, and other forms of debt restructuring set out by the law. The central bank has also suspended the prepayment of loan arrears as a condition for debt restructuring
April 17, 2020
Economy
Coronavirus: BoU cuts interest rates, lowers growth forecasts, offers flexibility on bad loans
The Bank of Uganda cut its benchmark interest rate by a percentage point as part of measures to mitigate the economic crisis caused by the coronavirus pandemic, and also announced actions to support the financial institutions it supervises, including a moratorium on dividends and bonus payments
April 6, 2020
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
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
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
Economy
Bank of Uganda holds policy rate steady, says inflation remains subdued
Bank of Uganda maintained its benchmark lending rate for the third time this year, saying the inflation outlook over the next 12 months is largely unchanged from the last monetary policy committee meeting in April but noted that risks remain elevated
June 18, 2019
Economy
IMF sees favourable prospects for Uganda, calls for more social spending
The IMF is optimistic about Uganda's prospects over the next five years but says more social spending is needed to fight unemployment among youths and women
May 10, 2019
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