Uganda Central Bank Holds Key Rate at 12%
The central bank kept its benchmark lending rate unchanged, saying financial conditions were tight enough despite raising its inflation forecasts.
Uganda's central bank left its benchmark lending rate unchanged at 12% (UGCBIR=ECI) on Monday, saying that financial conditions were tight enough despite revising its inflation forecasts higher.The decision follows a sharp increase in last month's inflation rate (UGCPIY=ECI), which reached a three…