Although inflation has risen for the second consecutive month, Bank of Uganda has kept its key monetary rate, the Central Bank Rate, at 12%, in yet another indication that boosting private sector credit to stimulate economic growth remains a key priority for the Bank.
Uganda: Economy Shows Recovery Signs
The Observer (Kampala), 3 January 2013
Although inflation has risen for the second consecutive month, Bank of Uganda has kept its key monetary rate, the Central Bank Rate, at 12%, in yet another indication that boosting private sector credit to stimulate economic growth remains a key priority for the Bank.
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