Uganda’s economic outlook positive as 2023 comes to an end
The central bank says the current rains could result in bumper harvests, further depressing food crop prices.
As 2023 comes to a close, economic indicators show that Uganda is on the right trajectory.
According to the monetary policy statement for December, Bank of Uganda maintained the Central Bank Rate (CBR) at 9.5 per cent, a reflection that inflation continues to be moderate.
"The decision to leave the CBR unchanged reflects the MPC’s assessment of the inflation outlook in the light of incomin
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