Muhumuza questions Bank of Uganda policies, new CBR rate

What the report says

Kampala, Uganda I URN | Economist Dr Fred Muhumuza has questioned Bank of Uganda’s decision to raise its benchmark interest rate to 12%, arguing that government borrowing and persistent fiscal deficits are distorting investment decisions and weakening the productive sectors needed to generate foreign exchange. Muhumuza said the 2.25 percentage-point increase in the Central … The post Muhumuza questions Bank of Uganda