Bank of Uganda maintains CBR at 7 percent as it predicts slow economic recovery
The Bank of Uganda (BoU) has Monday morning released the Monetary Policy statement for August maintaining the Central Banking Rate at 7 percent.
During the Monetary Policy Committee (MPC) meeting of August 2020, Governor Emmanuel Tumusiime-Mutebile confirmed that BoU has decided to maintain the CBR at 7%. The band on the CBR has also been maintained at +/-2% points while the margin on the redis