Bank of Uganda Reduces Central Bank Rate (CBR) to 9 Percent in February 2018

  • Posted on: 13 February 2018
  • By: admin

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.