Still room to support domestic economic growth after cut, says Ugandan governor

uganda-shilling
Bank of Uganda: cuts interest rates to 13%

Despite exchange rate movements remaining a concern for inflation, the Bank of Uganda (BoU) deemed there was scope to ease monetary policy at its latest meeting, the governor said on October 18.

"The BoU will reduce the central bank rate by one percentage point to 13%," said governor Emmanuel Tumusiime-Mutebile, explaining the bank forecasts inflation to remain around its medium-term target of 5% over the next 12 months.

The governor acknowledged exchange rate movements would have a direct

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: