Bank of Uganda warns loss of aid is ‘source of uncertainty’
Ugandan shilling weakens in wake of anti-homosexuality law
The prospect of further cuts in the amount of foreign aid sent to Uganda is a "source of uncertainty" for the economy, the Bank of Uganda said today, as it held its key interest rate at 11.5% for the fourth successive month.
Annual CPI inflation edged down from 6.9% in January to 6.7% in February while GDP growth remains "relatively buoyant" – prompting the central bank to keep its "neutral monetary policy stance".
The Bank of Uganda is, however, concerned by the "potential risk of stronger
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