KAMPALA, UGANDA | THE INDEPENDENT |Â Uganda is in a wait-and-see mode ahead of Donald Trump’s assumption of the US presidency next month. While Uganda’s trade with the US is minimal compared to global trade, the country has interests like worker’s remittances, and cash inflows in the form of development aid, …
Read More »BoU cuts key interest rate as inflation risks subside
Kampala, Uganda | THE INDEPENDENT |Â Uganda’s central bank reduced its key lending rate by 25 basis points to 10.00% on August.07, saying inflation risks had eased somewhat and it was appropriate to reduce the degree of monetary policy restrictiveness. The decision by the Bank of Uganda comes despite a slight …
Read More »Let the giggers fight inflation
Politicians and activists who tout the importance of work-life balance shouldn’t impose rigidity on them COMMENT | TODD G. BUCHHOLZ | Gig-economy firms and workers – or “giggers” – are like magicians and alchemists, only their tricks are real. Although physicists assure us that new matter cannot be created, the gig …
Read More »Uganda’s core inflation up due to rise in tilapia fish, soap, chicken prices
Kampala, Uganda | THE INDEPENDENT |Â Headline inflation for June 2024 of 3.9 percent compared to the 3.6 percent registered in the year ended May 2024. The high inflation has resulted into the increase in prices of tilapia fish, dry soap, and chicken according to the Uganda Bureau of Statistics (UBOS) …
Read More »BoU Deputy Governor says global factors could influence inflation trend
Bank of Uganda chose to keep the Central Bank Rate at 10.25% for the next two months Kampala, Uganda | THE INDEPENDENT & AGENCIES |The BoU Monetary Policy Committee forecasts a lower inflation rate of between 5 and 5.4% next financial year as the shilling is expected to be more …
Read More »BoU maintains Central Bank Rate at 10.25% to prevent rise in inflation
Kampala, Uganda | THE INDEPENDENT |Â The Bank of Uganda has opted to keep the Central Bank Rate at a high 10.25 per cent for the next two months, following a renewed rise in inflation. The CBR is an indicative interest rate that the Central Bank uses to influence the cost …
Read More »Tomato, fresh leaf vegetable prices increase Uganda’s inflation rate
Kampala, Uganda | THE INDEPENDENT | Uganda’s increased headline inflation rate has been attributed to the soaring prices of fresh leaves vegetables and tomatoes. This is according to the Uganda Bureau of Statistics (UBOS) Consumer Price Index (CPI) report for the last 12 months ending May 2024. The report shows that …
Read More »Inflation eases due to food crop prices
Kampala, Uganda | THE INDEPENDENT | The pace at which the prices of annual food crops increased has contributed to the slowdown of inflation for the last 12 months ending April, according to the Uganda Bureau of Statistics-UBOS report. The Consumer Price Index (CPI) report released by UBOS indicates that …
Read More »UBOS: Increased school fees soar annual inflation rate
Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics (UBOS), monthly inflation report, has revealed that the increase in the country’s annual inflation rate for the year ending February 2024, has mainly been caused by the hike in education services, especially school fees. The report indicated that the country’s …
Read More »High inflation persists as Nigeria enters New Year
ABUJA, NIGERIA | Xinhua | Nigeria, Africa’s largest economy, enters the New Year amid internal and external difficulties challenging its “Renewed Hope,” with President Bola Tinubu vowing to tame stubborn inflation. The country is battling its highest inflation rates in nearly two decades. The latest data, from the National Bureau …
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