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Central Bank Rate

Shilling finds relief as commodity dollars...

In the coming weeks, the shilling is expected to soften as typical surge in demand in the last quarter of the year gains traction as importers place Christmas...

Banks agree to lower interest rates

Recently, Bank of Uganda’s benchmark Central Bank Rate (CBR) was slashed by 200 basis points to 7%, the lowest ever, between April and June, to signal...

BOU orders banks to cut lending rate

BOU cut the central bank rate (CBR) by 200 basis points to 7%, in June, aiming to cushion the economy and encourage lending to households and businesses...

URA rolls back taxes to stimulate the economy...

John Rujoki Musinguzi, the URA Commissioner General pointed out in a booklet to announce the tax amendments for the 2020/2021 financial year that COVID-19...

Extra cut to lending rates likely

Bank of Uganda (BoU) is set to make a much-anticipated announcement on its benchmark CBR on Monday, June 7th.

A stitch in time …saves nine

The Bank of Uganda has helped on this front by lowering its CBR from a high of 21% about seven years ago, when inflation hit record levels.

Cut in Central Bank rate likely - financial...

The Central Bank has consistently cut its benchmark rate since April 2016, dropping the rate from 17% to 11%.

Bank of Uganda cuts benchmark CBR to 11%...

The economy was initially projected to grow by 5%, however, projections have been slashed to 4.5% after the country suffered under a strong dollar, a prolonged...

How Government plans to bring down interest...

"If you don't want to budge, we shall create a facility that will compete with you. It is a smart way," said Finance minister Matia Kasaija.

Inflation up to 5.9%

The Central Bank had predicted Uganda would settle for single digit inflation

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