Shilling to maintain stability in 2023- BoU
According to the deputy governor, annual headline inflation decreased slightly from 10.7% in October 2022 to 10% in November, while annual core inflation declined from 8.9% to 8.8% over the same period.
PREMIUM News
He said the shilling will build on its recent 1.6% appreciation, supported by a decline in global commodity prices such as crude oil, among others to remain strong.
By NewVision Reporter
Journalists @NewVision
BOU | APPRECIATION | INVESTMENT
The recent appreciation of the shilling is due to a slowing of foreign portfolio money exiting Uganda to invest abroad,