Bank of Uganda – BOU has yet again increased Central Bank Rate – CBR to 10% from 9% where it has been for less than two months. Earlier in August this year the Central Bank announced the increment of the CBR by 50 basis points to 9% from 6.5% in a bid to manage inflation. Now, Michael Atingi-Ego, Deputy Governor, has revealed that at the Monetary Policy Committee (MPC) meeting held on 6 October 2022, the Bank of Uganda decided to once again increase the CBR to influence lending behaviour of commercial banks. He says that a combination of global…
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