Uganda’s Central Bank Cuts Benchmark Rate to 6.5%

UGANDA, Kampala | Real Muloodi News | On Wednesday, Uganda’s Central Bank announced to cut its benchmark interest rate to 6.5%; the bank’s lowest ever benchmark rate. The surprise move follows Ghana and Democratic Republic of Congo, who have also reduced borrowing costs this year, Bloomberg reported.  According to Reuters, this move comes at a … Continue reading Uganda’s Central Bank Cuts Benchmark Rate to 6.5%