Uganda: Covid-19 Force BoU to Cut CBR to Lowest Level Ever

Risks to economic growth, among them uneven recovery of the economy and weak level of business investment has forced Bank of Uganda to reduce the Central Bank Rate (CBR) to the lowest level ever.

The challenges, much of which are due to Covid-19, have presented growth challenges forcing the Central Bank to reduce the CBR to 6.5 per cent from 7 per cent.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.