Uganda’s Central Bank Rate Remains Steady Despite Significant Drop in Inflation: A Closer Look at the Country’s Economic Landscape
Uganda Maintains High Central Bank Rate Despite Inflation Plunge In a daring high-stakes move, the Bank of Uganda (BoU) has chosen to keep the Central Bank Rate (CBR) at an audacious 9.5 percent, defying the plummeting inflation rates witnessed in September. This decision, which was taken on October 5th, by the bank’s Monetary Policy Committee(MPC)…