Uganda cuts main lending rate to 11%

by | April 12, 2017 5:33 pm



Uganda’s central bank on Wednesday cut its benchmark lending rate to 11 per cent from 11.5 per cent. The bank Governor, Emmanuel Tumusiime-Mutebile, told a news conference in Kampala the cut was due to core inflation, which would remain around the bank’s mid-term target over the next 12 months. Tumusiime-Mutebile said there was scope to…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe