Tag Archives: inflation

Bank of Uganda has reduced the Central bank Rate (CBR) to 16% to ease monetary policy for potential economic growth. BOU maintained the rediscount rate and bank rate at 20%and 21% respectively, the policy will also maintain the core inflation over the next quarters, so as to target 5% of the …

By Julius Businge Uganda’s annual headline inflation has dropped to 3.4% for the year ended February 2013 down from 4.9% a year earlier, the Uganda Bureau of Statistics announced on Feb. 28. The statistics body said the fall was attributed to reductions in food prices and other components of in …

By Patrick Kagenda So why is BoU celebrating? Even if we might not bring inflation down, we will keep it steady and predictable. That is the message Bank of Uganda appears determined to send out as it struggles to anchor economic expectations amid fears of the global economic meltdown hitting …