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@chimpreports Wed, 06 Mar 2024 17:09:43

Rising inflation, weakening Shilling: Bank of Uganda increases CBR to 10%

A special Monetary Policy Committee (MPC) meeting of Bank of Uganda has today increased the Central Bank Rate (CBR) to 10%. The Central Bank Governor, Michael Atingi-Ego, in a statement said the unfolding of some of the risks mentioned in the monetary policy statement of February 2024, which includes the depreciation of the shilling exchange …

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