Controlling Inflation: Bank of Uganda increases Central Bank Rate to 8.5%
Bank of Uganda. The Bank has increased the Cash Reserve Requirement by 2 percentage points to 10 percent, effective 23rd June 2022. Courtesy
In a bid to curtail inflation, the government of Uganda, through the Bank of Uganda (BoU) has increased the Central Bank Rate (CBR) by 1 percentage point to 8.5%.
At the extra-ordinary Monetary Policy Committee (MPC) meeting that was held in July 2022, the BoU increased the Central Bank Rate (CBR) by 1 percentage point to 8.5 percent.
“Inflation continues to rise, largely influenced by ext
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