Monetary policy
Monetary policy
Bank of Uganda holds rate at 12 per cent but raises cost of bank borrowing
The Bank of Uganda held its Central Bank Rate at 12 per cent but widened the band and raised lending margins as it lifted inflation forecasts
Digital Payments
Zimbabwe’s government keeps wrecking its money. Indian technology will not fix that
With reserves covering two months of imports and most deposits in dollars, the ZiG has a trust problem that Indian payment technology cannot solve
Uganda Shilling
BoU turns to dollar sales as political warnings meet market pressure
Bank of Uganda sold foreign currency after rate rises failed to halt the shilling’s slide, despite warnings from Museveni and Ggoobi against using reserves
Uganda Shilling
Shilling closes at record low a week after rate rise
Uganda’s shilling closed at Shs4,208.10 to the dollar, a record low, one week after the central bank raised its benchmark rate
Exchange rates
Shilling surrenders rate-hike gains as the dollar returns
Uganda’s shilling erased Wednesday’s gains by Friday, with the dollar back above its opening level on the day of the Bank of Uganda’s rate increase
Explainer
What the Bank of Uganda’s rise to 12 per cent means for the shilling, fuel and loans
How the Bank of Uganda's increase in its policy rate to 12 per cent could affect the shilling, pump prices, and existing loans and savings
Bank of Uganda raises benchmark rate to 12 per cent at special meeting
Uganda’s central bank lifted its rate to 12 per cent, the largest increase since 2011, and raised its inflation forecasts as the shilling weakened
Foreign exchange
Shilling weakens further as MPs ask why reserves are not used
The shilling closed at Shs4,085.71 on Thursday. Traders expect further losses as MPs ask why the central bank has not used its reserves
Foreign exchange