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Tag Archives: mutebile

Bank of Uganda further cuts growth forecast

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has further cut growth forecasts to just over 2 percent an indicator that the impact of coronavirus disease on the economy is deeper than earlier thought. In the June monetary policy statement issued on Monday,  the central bank said that the …

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Banks not heeding to my advice-BoU Governor

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 …

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Economy to remain subdued

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

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BoU staff expect Kasekende’s contract to be renewed

Kampala, Uganda | THE INDEPENDENT | Several Bank of Uganda staff expect the contract of the Deputy Governor Dr Louis Kasekende to be renewed in the coming days. Dr Kasekende’s contract will expire on 18 January 2020, completing a decade in the same position and making him the longest-serving deputy …

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2019 economy performs below expectations

Growth is projected to range between 5.5-6% compared to 6.2% in 2018 Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy performed below expectations especially towards the end of the year, according to the latest Bank of Uganda Monitory Policy Report. In addition, an analysis of the different monetary policy reports, …

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