Uganda Holds Rate, Sees Inflation Around Target In 2013
Uganda’s central bank kept its Central Bank Rate (CBR) unchanged at 12.0 percent for the third month in a row, saying an increase in core inflation was temporary and inflation during 2013 should remain around the bank’s medium-term target of 5.0 percent. The Bank of Uganda (BOU), which cut rates by 11 [...]
Uganda’s central bank kept its Central Bank Rate (CBR) unchanged at 12.0 percent for the third month in a row, saying an increase in core inflation was temporary and inflation during 2013 should remain around the bank’s medium-term target of 5.0 percent.
The Bank of Uganda (BOU), which cut rates by 11 percentage points in 2012 as inflation dropped, said economic growth should improve slightly this year with downside risks emanating from continued subdued private … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards