Uganda: Commercial Lending Rates to Keep Falling - Bankers

Kampala — Although the pace at which commercial lending rates are falling is slower than public expectation, Uganda Bankers Association (UBA) is optimistic that rates will continue declining because they are responding to monetary policy directions of the Central Bank.

Interest rate is basically the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

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