6.5% CBR meant to meet inflation target in the medium term – BoU
Bank of Uganda governor Professor Emmanuel Tumusiime Mutebile. He notes that the Omicron variant that has injected renewed uncertainty to the global economic picture.
The Bank of Uganda (BoU) at the Monetary Policy Committee meeting of December 2021, maintained the Central Bank Rate (CBR) at 6.5%.
The Central Bank says maintaining the CBR at 6.5% is meant to meet the inflation target of 5 per cent in the medium term.
In a monetary policy statement, BoU Governor Emmanuel Tumusiime Mutebile, said economic activity is gradually normalizing after the second w
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