Uganda – BoU could cut rates

By Rafiq Raji, PhD

The inflation outlook, to end-2017 at least, provides room for the Bank of Uganda to cut rates further at its August 2017 MPC meeting. Besides, an opportunity for single-digit interest rates might be too tempting to resist. Thus, we reckon the committee may cut the benchmark interest rate by 100bps to 9 percent when it announces its decision today.

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