January 22, 2025
Museveni

Uganda’s central bank held its benchmark lending rate at 7.0% on Wednesday, saying economic recovery was gaining pace.

“Economic recovery is proceeding and is stronger than was projected,” the bank said in a statement, adding growth contracted at a slower pace of 1.1% last year compared to a projection of a 2% contraction.

4 thoughts on “Uganda central bank holds key lending rate at 7.0%.

Leave a Reply

Your email address will not be published. Required fields are marked *