Business
Shilling remains flat in Monday’s session
Money market liquidity was ample, according to Absa, with interbank overnight and one-week rates averaging 9.72% and 10%, respectively.
Shilling remains flat in Monday’s session
By: Ali Twaha, Journalists @New Vision
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The Uganda shilling traded flat during Monday’s session, consolidating within a 3,555–3,565 range.
Market conditions remained broadly balanced, with commodity and remittance inflows offsetting demand from the manufacturing and energy sectors.
Money market liquidity was ample, according to Absa, with interbank overnight and one-week rates averaging 9.72% and 10%, respectively.
In response, the central bank conducted a sh974b three-day repo to mop up excess liquidity in the market.