Bank of Uganda further expected to cut Central Bank Rate to below 8 per cent
The case leaves the central bank bruised legally and exposed to huge legal costs.
Ahead of the Central Bank’s announcement of its June 2020 Monetary Policy, experts have predicted that Bank of Uganda, will further cut its Central Bank Rate (CBR), in a bid to stimulate economic growth.
If this comes to pass, this will be the second time the Central Bank is cutting the CBR to historic lows following an April 6th decision to reduce it by 1 percentage point to 8 per cent- the
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