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BoU maintains lending rate at 10 percent

The Bank of Uganda has maintained the benchmark central bank rate at 10 percent. Kampala, Uganda | THE INDEPENDENT | Governor BoU Emmanuel Tumusiime Mutebile says that the 12-month inflation forecast has improved slightly relative to October 2018 forecast. The Consumer Price Index data by Uganda Bureau of Standards indicates that …

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IMF warns of ‘somewhat’ greater global financial risk

New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …

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Nigeria central bank meets after months of limbo

Abuja, Nigeria | AFP | The Nigerian central bank’s Monetary Policy Committee will hold its first meeting this year on Wednesday after a political standoff between the executive and the senate prevented a quorum for months. Experts predict that the committee will hold rates at a record high of 14 …

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IMF’s Lagarde warns on rate risk from US tax reform

Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …

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BoU keeps Central Bank Rate at 10% for next three months

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …

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