BoU reduces CBR to 9.5 percent in October 2017

Bank of Uganda (BoU) has reduced the Central Bank Rate (CBR) by 0.5 percentage points to 9.5 percent in October 2017. The band on the CBR has been maintained at +/-3 percentage points and the margin on the rediscount rate at 4 percentage points on the CBR.

This is according to a Monetary Policy Statement issued to the press by Professor Emmanuel Tumusiime-Mutebile, Governor Bank of Uganda

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