The Uganda shilling caught a breather in the early part of week but edged lower against the resurgent dollar at close of week as demand picked up mainly from the energy sector. Trading was in the range of 3750/60. On the monetary policy front, the Central bank hiked the policy rate. The heightened risks to inflation and the shilling have greatly increased the likelihood of a more aggressive interest rate path.In the regional markets, it was more of the same in Kenya and Tanzania, unmatched demand kept the currencies on the edge.In the fixed income yields sustained an upward trajectory…
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