Currency updates from Wednesday's session
Apr 03, 2024
Following the release of March inflation numbers last week, the BOU Monetary Policy Committee meeting is scheduled for April 8, 2024.
Tight liquidity conditions were faced in the Money Markets on Wednesday with overnight yields at averages of 11.88% according to Absa.
Ali Twaha
Journalist @New Vision
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KAMPALA - The Uganda shilling opened Wednesday’s session trading at the 3865/3875 levels and it gained a few shillings to close at the 3855/3865 levels driven by interbank inflows and residual month-end inflows that outweighed the dollar demand from corporates.
Tight liquidity conditions were faced in the Money Markets on Wednesday with overnight yields at averages of 11.88% according to Absa.
Bank of Uganda (BOU) is scheduled to hold a treasury bill auction on April 10, 2024.
Following the release of March inflation numbers last week, the BOU Monetary Policy Committee meeting is scheduled for April 8, 2024.
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