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Jul 2012 1 result
15:39
15:39

BOU Reduces Lending Rates to 19% louis kasekende

The less than one percent decline in inflation in June was enough for the central bank to lower the inter-bank lending rates from 20 percent to 19 percent for the month of July. Dr Louis Kasekende, the deputy governor of Bank of Uganda, attributed the decline in the Central Bank Rate (CBR) to favourable external and internal factors that have seen core inflation drop from 18.6 percent to 18.0 percent in June.
Jul 2012 1 result