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Why the Bank of Uganda has raised the interest rate to 12 per cent

The Bank of Uganda has raised its benchmark interest rate from 9.75% to 12%, a sharp increase aimed at containing rising inflation and protecting the economy from higher fuel and import costs. But what does the increase mean, and why has the central bank taken this decision? The Bank of Ugandas Monetary Policy Committee raised The post Why the Bank of Uganda has raised the interest rate to 12 per cent first appeared on Matooke Republic.

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