Why BOU has ruled out forex market intervention
On August 12, the Bank of Uganda quoted the shilling at 3,555/3,565 to the dollar, its strongest level in almost three years. Inflation has stayed well below the bank’s 5% medium term target, averaging 3.4% over the past year.
PREMIUM Business
The new 25-year bond yield printed at 16.00%, with only sh57.1b accepted out of sh500b on offer.
By Ali Twaha
Journalists @New Vision
KAMPALA - In the quarter ending December 2021, the Central Bank stepped into the foreign exchange market by selling $300m to financial institutions to smooth the market.
In June