Bank of Uganda Raises Central Bank Rate to 12 percent
The Bank of Uganda has raised the Central Bank Rate from 9.75 percent to 12 percent, in a bid to control rising prices, as the Uganda shilling weakens and oil prices go up around the world. According to BOU Governor, Dr Michael Atingi-Ego, the move is needed to stop inflation before high fuel, transport and […]
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DPF Reassures Ugandan Bank Customers Safety of Their Funds
Citizens who entrust their money to banks can rest assured of its safety, even in the face of unforeseen circumstances affecting the banking sector. This assurance was reiterated by Patrick Kagoro, Chairman Board Deposit Protection Fund (DPF), during a press briefing in Fort Portal City aimed at publicizing the fund’s services. About DPF Established […]
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