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BOU cuts central bank rate to 9%
Bank of Uganda Governor Tumusiime Mutebile says much as future public investments may stimulate growth, access to credit may remain a challenge.

The central bank easing of monetary policy initially to ease credit access to the private sector is currently not yielding the desired results as small business continue to bare the brant of the high cost borrowing.

Bank of Uganda Governor Tumusiime Mutebile says much as future public investments may stimulate growth, access to credit may remain a challenge.

This as the bank lowered its benchmark lending rate for February to 9percent up from 9.5 percent.