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2024-06-06 07:32:35

gerrikabeitia on Nostr: News from #Uganda: June 2024 Monetary Policy Statement: The Bank of Uganda (BOU) has ...

News from #Uganda:

June 2024 Monetary Policy Statement: The Bank of Uganda (BOU) has maintained the Central Bank Rate (CBR) at 6% to ensure price stability. The BOU projects a gradual economic recovery in 2024, with inflation contained within the target. They'll monitor risks, such as inflation expectations, global economic developments, and fiscal policies.

In the statement, the BOU highlights stable growth in private sector credit, foreign exchange reserves, and broad money. They'll continue supporting financial institutions, focusing on digital innovation, and fostering conducive business environments.

https://bou.or.ug/bouwebsite/bouwebsitecontent/MonetaryPolicy/Monetary_Policy_Statements/2024/Monetary-Policy-Statement-June-2024.pdf
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