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 shilling
Naira, Uganda shilling expected to weaken
NAIROBI, Aug 18 – Strong demand for the dollar in Nigeria and Uganda is expected to weaken local currencies while Kenya’s shilling looks set to strengthen due to a liquidity squeeze.
Kenya, Uganda shillings stay under pressure
NAIROBI, July 7 – Kenya’s and Uganda’s shillings are likely to come under pressure against the dollar next week, while Tanzania’s steadily weakening currency may take brief respite after unusually stiff central bank intervention.