July 1 – July 8, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

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 int