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BoU extends credit relief, holds lending rate at 7%
According to Deputy Governor, Michael Atingi-Ego, economic recovery has somewhat lost momentum, as COVID-19 infection rates surged.
BoU extends credit relief, holds lending rate at 7%
By: NewVision Reporter, Journalists @NewVision
The Monetary Policy Committee (MPC) at the Bank of Uganda has held its benchmark lending rate at 7% on the back of deteriorating economic conditions.
According to Deputy Governor, Michael Atingi-Ego,