KAMPALA, Sept 6 – The Bank of Uganda raised its benchmark lending rate on Tuesday for the second time since its launch in July and promised more increases if the outlook for inflation worsened.
Tag: uganda economy
Uganda inflation hits 18-yr high above 21 pct
KAMPALA, Aug 31 – Uganda’s year on year inflation jumped to 21.4 percent in August, the highest since February 1993 and almost three points higher than a month earlier, mainly due to a rise in food prices.