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Jul 26 results
13:57
13:57

BoU Reduces Benchmark Lending Rate to 9% cbr

Mutebile said although downside risks exist, like the path of the exchange rate, the direction of food crops prices and evolution of international crude oil prices, the Bank of Uganda estimates that there is still spare capacity in the economy that will dampen inflationary pressures.
12:54
12:54

What BoU Maintenance of Key Lending Rate at 9.5% Means central bank rate

Dr Kasekende said based on the outlook for inflation and economic activity, together with an expansionary fiscal policy in 2017/18, and the evolution of the risks and uncertainties, the BoU judges that the current stance of monetary policy remains appropriate
12:55
12:55

BoU Persuading Commercial Banks to Reduce Interest Rates - Mutebile central bank rate 1 1

Bank of Uganda BoU Governor Emmanuel Tumusiime-Mutebile has said that the central bank has been and continues to persuade commercial banks to lower interest rates. Mutebile says for the last three years BoU has been reducing Central bank Rate CBR but commercial banks have not moved in tandem with central bank in reducing interest rates.
15:47
15:47

BOU Reduces Central Bank Rate By 0.5% cbr and lending

Central Bank Governor Emmanuel Tumusiime Mutebile says that the move is to cautiously ease monetary policy to boost private sector credit growth and to strengthen the economic growth momentum.
17:57
17:57

BoU Defends CBR, Says It Is Effective central bank rate 4

The central bank uses the Central Bank Rate CBR to manage lending rates and control inflationary pressures. The latest development has seen reduction in CBR from 11 percent in April 2017 to 10 percent in June 2017.
16:41
16:41

CBR Cut May Not Boost Private Sector Credit – Economist central bank rate

Reacting to the Bank of Uganda BoU reduction of the Central Bank Rate CBR, Razia Khan says given recent banking sector developments, with the authorities intervening in former Crane Bank, it is not clear that easing the CBR alone will be able to drive a robust private sector credit recovery in the near-term.
13:47
13:47

BoU Links Govt Borrowing To High Interest Rates central bank rate 2

Mulema said even if the Bank of Uganda reduces the Central Bank Rate, there may be no real change in interest rates as long as government borrowing remains strong.
19:06
19:06

Mutebile Cautions On Low CBR, Interest Rates central bank rate 4

Governor Mutebile says he cannot tell banks to reduce interest rates in line with the reduced central bank rate, adding that the reduction is an indicator to them to consider reducing interest rates.
15:24
15:24

BoU Reduces Central Bank Rate to 14% bank of uganda 2

Announcing the Monetary Policy Statement for August 2016, the Governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, said the near term outlook for inflation has improved as a result of the recent stability of the exchange rate.
12:42
12:42

More Banks Increase Prime Lending Rates central bank rate 1 Top story

The new rates will also affect the existing borrowers. They will repay more money to the bank over and above the interest rate for which they had signed.
16:22
16:22

Possible Aid Cuts Create Uncertainty For Economy - Mutebile central bank rate 2

The fallout from the signing of the Anti-Homosexuality law a week ago is continuing to generate uncertainty for Uganda’s economy. Donors have threatened to cut aid to government and then the World Bank said it was suspending the approval of a 90million United States Dollar loan to Uganda’s ailing health sector.
07:00
07:00

Consumer Lending Rises By 38 Percent inflation 3

Figures released by Bank of Uganda (BOU) indicate that households borrowing from commercial banks increased by 38percent from a decline of 13percent in 2012. Dr Louis Kasekende, the deputy BOU Governor, while releasing the Monetary Policy Statement for February 2014, noted that for the first time, there had been increase in credit to households, and that this would boost demand.
15:19
15:19

Low Agricultural Output Slows Down Uganda's Growth - BoU economic growth 3

Lower consumer demand led to lower than expected economic growth in the first quarter of the financial year 2013/14. Prof. Emmanuel Tumusiime-Mutebile, Governor Bank of Uganda (BOU), while releasing the first monetary policy statement of 2014, noted that this was due to low agricultural output in that quarter.
14:34
14:34

BOU Cuts Lending Rates inflation in uganda 3 Top story

The Bank of Uganda has reduced the benchmark lending rate for December 2013 to 11.5 percent. In the last monetary policy statement for 2013, Dr Louis Kasekende, the Deputy Governor Bank of Uganda described the move as an “accommodative monetary policy stance.”
15:44
15:44

Bank Lending Gaining Momentum – Mutebile central bank rate 4

The high interest rate environment appears to be abating rather sluggishly leading to an increase in bank lending according to Prof. Emmanuel Tumusiime-Mutebile, the Governor Bank of Uganda.
18:48
18:48

Closure Of Land Registry Slows Commercial Bank Lending – BOU tumusiime mutebile 2

The Governor of Bank of Uganda Tumusiime Mutebile has said the recent closure of the land registry has slowed down lending by commercial banks in the country.
15:04
15:04

Loan Borrowing Stagnates As Lending Rates Remain High - BOU bank lending rates 3

The reluctance by commercial banks to lower further the lending rates on loans has forced the private sector to stagnate on borrowing, according to Bank of Uganda’s deputy governor.
15:06
15:06

BoU Maintains CBR at 12% central bank rate 1

The central bank has maintained the monthly Central Bank Rate (CBR), the rate at which Bank of Uganda lends to commercial banks, at 12 percent.
17:30
17:30

BoU Cuts Lending Rate to 13 Percent high inflation

The Bank of Uganda has reduced its benchmark lending rate from 15 percent to 13 percent. The reduction is the fifth in as many months after the Central Bank Rate (CBR) peaked at 23 percent when high inflation stood at over 30 percent.
22:56
22:56

Central Bank Rate: Most Commercial Banks Yet To Respond stanbic bank

Nearly two weeks after the Central Bank announced the reduced CBR, a few commercial banks are beginning to respond. Stanbic Bank, the biggest by assets and deposits controlling one-quarter of the market, was the first to heed to Bank of Uganda’s call. The bank last week reduced its prime lending rate from 25 percent to 23 percent beginning September 28th.
Jul 26 results