Tag Archives: BoU Governor

Kampala, Uganda | URN | Bank of Uganda Governor Michael Atingi-Ego has rejected suggestions that Uganda’s Sovereignty Bill may have contributed to the recent depreciation of the shilling, attributing the currency’s weakness primarily to a widening current account deficit and reduced portfolio investment flows. The Protection of Sovereignty Act, 2026, …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has said that commercial banks have flatly refused to take his advice as regards to reducing interest rates. Mutebile, who was reading the February monetary policy statement on Thursday, said very few banks have taken his advice but …