2015: For much of 2015, interest rates rose sharply, opening the year at an average 21.69% and by February 2016, had reached a 4-year high of 25.22%. This was partly…
Ahead of the Central Bank’s announcement of its June 2020 Monetary Policy, experts have predicted that Bank of Uganda, will further cut its Central Bank Rate (CBR), in a bid…
1. What does Credit Relief mean? It is a re-organisation of a debt obligation through concessions or accommodations that provide borrowers with some form of relief in how and/or when…
Rt. Hon Rebecca Kadaga the Speaker of Parliament and Chairperson of the Appointments Committee of Parliament has written to President Yoweri Kaguta Museveni, clearing seasoned economist and Bank of Uganda…
Bank of Uganda has today issued guidelines to all supervised financial institutions, to operationalize the credit relief and loan restructuring measures announced in the Monetary Policy Statement of April 6,…
Bank of Uganda (BoU) has today, April 6th, 2020, in the April 2020 Monetary Policy Committee (MPC) meeting reduced the Central Bank Rate (CBR) by 1 percentage point to 8…
Uganda’s business confidence index for March 2020 has fallen to a 3-year low as the knock-on effects of Covid-19 begin to sink in. According to Bank of Uganda’s Business Tendency…
Bank of Uganda has said that although it does not expect Unimoni Uganda’s operations to be interrupted by the collapse-in-progress of Finablr, Unimoni’s parent company, it is closely monitoring the…
President Yoweri Kaguta Museveni has today made two significant appointments in the economy. He has appointed Dr. Michael Atingi-Ego as Bank of Uganda’s Deputy Governor, replacing Dr. Louis Kasekende whose…
In exercise of the duties and powers of the Board under Section 10 of the Bank of Uganda Act (Chapter 51), the Board Members of the Bank of Uganda, at…
