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17:09
17:09

Parliament Directs Finance Ministry on BoU Deputy Governor Position Bank of Uganda 2 1

The directive follows the expiry of Dr. Louis Kasekende’s contract on 18th January 2020. Dr. Kasekende was serving under Bank of Uganda Governor Prof. Emmanuel Tumusiime Mutebile. The expiry of his contract completed a decade of his service in the same position and making him the longest-serving deputy governor and Deputy Chairperson of the Bank of Uganda Board.
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.
Apr 2 results