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Central Bank maintains CBR at 10% 

By Ali Twaha

Added 5th December 2018 07:07 PM

“The positive growth outlook is expected to be sustained over the coming year, partly driven by public infrastructure investment,” he added.

Mutebile 703x422

“The positive growth outlook is expected to be sustained over the coming year, partly driven by public infrastructure investment,” he added.

Central Bank Governor,  Emannuel-Tumusiime Mutebile. Photo/File

The Central Bank has maintained its benchmark lending rate at 10%. The bank said growth projection is likely to be higher between 6% and 7% at the close of the financial year. 


“Core and headline inflation are forecast to be highest at 6% to 6.6% and 5.1% in the second half of 2019, which is lower than the previous forecast by 1 and 0.7 percentage points, respectively,” Central Bank Governor, Emannuel-Tumusiime Mutebile said. 

“The positive growth outlook is expected to be sustained over the coming year, partly driven by public infrastructure investment,” he added.

 

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