BOU cuts policy rate on low inflation
The Uganda Bureau of Statistics inflation data for September showed that headline and core inflation dropped to 3.0% and 3.7%, respectively.
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Bank of Uganda deputy governor Michael Atingi-Ego. (File photo)
By NewVision Reporter
Journalists @NewVision
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The Bank of Uganda (BOU) Monetary Policy Committee reduced the Central Bank Rate by 25 basis points to 9.75%, citing an improved inflation outlook.
Inflation remains subdued,