Uganda became the first major sub-Saharan African economy to increase interest rates this year to counter inflation pressures caused by weakening currency and rising oil prices. The Monetary Policy Committee in the east African nation increased the benchmark rate to 10 percent from 9 percent, central bank Governor Emmanuel Tumusiime-Mutebile told reporters Wednesday in the capital, Kampala.
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Source link : http://www.topix.com/world/uganda/2018/10/uganda-makes-sub-saharas-first-major-move-to-tighten-policy?fromrss=1
Publish date : 2018-10-04 07:51:09