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Tag Archives: BOU

BoU keeps Central Bank Rate at 10% for next three months

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …

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Bank of Uganda denies hiding cash in Germany

BOU denies hiding cash on foreign account in Germany Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda (BOU) has dismissed as untrue reports that it has hidden Sh10.7 billion in a bank in Germany, an issue that has been widely spread on social media in the past week. In …

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VIDEO: BOU Governor warns against capping of interest rates

VIDEO: BOU Governor warns against capping of interest rates Kampala, Uganda | NTV UGANDA | Bankers and Business captains attending the annual bankers conference held at the Kampala Serena conference center on Wednesday  July 19, 2017,  observed that digital financial services possess the silver bullet that has the potential to unlock …

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VIDEO: D9 defies Uganda Central Bank directive

VIDEO: D9 defies Central Bank directive Uganda | NBS TV UGANDA|  D-9, is considered a shadowy multi-level marketing company by many but it has vowed to defy Bank of Uganda’s decision to freeze the company’s bank accounts. They insist they should have been consulted. The company,  largely operating online, says its work …

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Why Bank of Uganda has cut CBR to 10%

  Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …

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Bank of Uganda reduces CBR to 10% for next three months

Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda has today (June 19) announced a reduction of the Central Bank Rate (CBR) by 1 percentage point to 10%. Governor Emmanuel Tumusiime Mutebile made the CBR announcment that sends a signal to the market on the direction of interest rates. This rate, that …

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