Managing Inflation: Bank of Uganda pushes CBR to 9 percent
Michael Atingi-Ego - Deputy Governor, Bank of Uganda. According to him, the outlook for inflation is highly uncertain as several risks lie ahead
The Bank of Uganda has increased the Central Bank Rate (CBR) by 50 basis points to 9 percent.
The revelation was made by Michael Atingi-Ego - Deputy Governor in a Monetary Policy Statement for August 2022 on Thursday.
“The economy continues to face strong cost-push inflation pressures from the external environment, dry weather conditions, and exchange rate depreciation amidst weak domestic
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