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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)...
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....
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...