Bank of Uganda (BoU) has reduced the Central Bank Rate (CBR) by 50 basis points to 9.0 percent.
The band on the CBR will be maintained at +/-3 percentage points and the margin on the rediscount rate at 4 percentage points on the CBR.
This is according to a Monetary Policy Statement for February 2018 issued to the press by Professor Emmanuel Tumusiime-Mutebile, Governor Bank of Uganda.
The National Reserves Bank of Angola (BNA) sold 170.3 million Euros (equivalent to USD 190.3 million) to the financial market, with emphasis on the oil sector operations, availing 53.7 million Euros.
The central bank, in this period, reduced 3.5 million euros of sale in comparison to the previous period, by availing to the market 173.5 million euros.