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Uganda's central bank cut its Central Bank Rate (CBR) by 50 basis points to 9.5 percent, saying a "cautious easing of monetary policy is warranted to boost private sector credit growth and to strengthen the economic growth momentum" as inflation is forecast to remain around the medium term target while economic activity is slowly gaining momentum.
Uganda's central bank left its Central Bank Rate (CBR) at 10.0 percent and adopted a neutral monetary policy stance as it expects inflation to remain around its medium term target while economic activity is picking up with output approaching the country's potential.
Uganda's central bank lowered its Central Bank Rate (CBR) by a further 100 basis points to 10.0 percent, saying continued monetary easing is appropriate as prospects for economic growth remain weak and inflationary pressures are subdued.
Uganda's central bank has postponed its June press briefing and monetary policy statement scheduled for Thursday, June 15 to Monday, June 19 "due to unavoidable circumstances," the bank said.
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