Uganda raises benchmark rate to 12% as shilling slides
The central bank raises its rate by 2.25 percentage points and lowers its growth forecast, under pressure from the exchange rate and energy prices.
Bank of Uganda
English coverage and data for Bank of Uganda.
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Uganda’s Foreign Exchange Reserves Jump 56% to 6.7 Billion Dollars
The level reached at end-June covers 3.7 months of imports and remains below the four-month target set by the central bank.
Ugandan shilling loses more than 11% since January and hits new lows
Demand for dollars from importers, energy companies and telecoms operators is adding pressure ahead of year-end purchases.