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Bank of Uganda Governor Governor Michael Atingi-Ego says the central bank has taken "extraordinary measures" to grow the nation's foreign exchange reserves, including buying $1.5 billion from the market this fiscal year and using currency swaps. The transactions have so far amounted to $400 million, Atingi-Ego said from the capital, Kampala, in an interview with Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)...
Uganda central bank leaves key rate at 9.75% KAMPALA, Dec 5 (Reuters) - Uganda's central bank left its benchmark interest rate UGCBIR=ECI unchanged at 9.75% in a decision announced on Thursday. Reporting by Elias Biryabarema; Editing by Alexander Winning...
UPDATE 1-Uganda central bank maintains policy rate at 9.75% Adds detail and context throughout KAMPALA, Dec 5 (Reuters) - Uganda's central bank left its benchmark interest rate UGCBIR=ECI unchanged at 9.75% on Thursday, saying domestic inflation had been subdued and risks to the inflation outlook were balanced. The decision follows two monetary policy meetings at which the Central Bank Rate was cut....