July 22 – July 29, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The perpetual decline of the shilling continued with the unit touching record lows, inching towards the 3900 levels as offshore investors dollar demand coupled by oil importers demand intensified. The exchange rate remains a key variable in Uganda’s economy; therefore, the sustained depreciation will continue to pose serious economic challenges. In most emerging economies, markets made cautio