BoU raises Central Bank Rate to 12% as inflation risks mount
The Bank of Uganda (BoU) has raised its Central Bank Rate (CBR) by 2.25 percentage points to 12 per cent, tightening monetary policy in response to rising inflation risks, pressure on the shilling and escalating tensions in the Middle East. The increase from 9.75 per cent was announced by the
Banking Disputes Trap Shs 7 Trillion, Threaten Uganda’s Growth
Uganda’s economy is bleeding billions in stalled financial activity, with an estimated Shs 7 trillion locked up in unresolved banking disputes, according to Michael Atingi-Ego, Governor of the Bank of Uganda. He warned that the growing backlog of cases is quietly suffocating investment and slowing economic momentum. Speaking at the
