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Nov 3 results
15:42
15:42

Central Bank Reduces Interest Rate as Inflation Falls Interest rates 3 1 Top story

The Deputy Governor says that their activities as well as other changes that have the economy safer going forward, they have decided to reduce the rate, though cautiously.
19:30
19:30

Demand for Credit Grows Despite Increase in Interest Rates

Similarly, the value of loan applications rose to 4.9 trillion Shillings in the quarter to October from 3.7 trillion Shillings in the quarter to July 2021. This improvement in the demand and supply reflects improved economic activity following the easing of the lockdown towards the end of the year, with both having declined in the earlier part of the year.
20:49
20:49

Only Borrowers in Highly Affected Areas to Get Credit Relief Extension - BOU Interest rates 5

At the onset of the pandemic in Uganda last year, the local authorities had no idea that the pandemic would last far longer than a few weeks. For this, the banking industry with guidance by the Central Bank offered credit relief measures for 10-months to borrowers to cushion them against any possible shocks, since economic activities had been shut down.
Nov 3 results