Uganda: Bank of Uganda Keeps Key Policy Rate at 7%

Uganda's central bank has kept the key policy rate unchanged at seven percent, a stance described by analysts as "cautious and guarded" amid a looming rise in inflation following the easing of lockdown restrictions.

The Bank of Uganda (BoU) noted a slight improvement in both foreign and domestic demand which, along with the easing of the lockdown and a stable exchange rate, are supporting economic growth recovery.

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