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    Uganda

    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 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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