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Tag Archives: new CBR rate

Muhumuza questions Bank of Uganda policies, new CBR rate

  Kampala, Uganda I URN |  Economist Dr Fred Muhumuza has questioned Bank of Uganda’s decision to raise its benchmark interest rate to 12%, arguing that government borrowing and persistent fiscal deficits are distorting investment decisions and weakening the productive sectors needed to generate foreign exchange. Muhumuza said the 2.25 …

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