Uganda's central bank maintains policy rate at 9.5% to control inflation, aligning with growth prospects and inflation risk assessment.

Uganda's central bank, the Bank of Uganda (BoU), has maintained its policy rate at 9.5%, highlighting its effectiveness in controlling inflation. The bank's policy stance aligns with its current assessment of inflation and growth prospects, supporting socioeconomic transformation. Inflation risks are contingent on global commodity prices and financial market developments, including potential instability in the Middle East and increased volatility in global financial and foreign exchange markets.

February 06, 2024
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