Uganda’s central bank on Thursday held its key lending (UGCBIR=ECI) rate at 10.0%, saying the near-term risks to the inflation outlook remained elevated.
The decision, announced by deputy governor Michael Atingi-Ego at a news conference, is the third time in a row the bank has kept its main policy rate unchanged.
Inflation (UGCPIY=ECI) fell to 9.0% year-on-year in March from 9.2% a month earlier.
Uganda’s Central Bank Maintains Key Lending Rate
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