Name: ECONOMIC GROWTH: Central bank forecasts modest GDP growth in 12-24 months
Uploaded: 2020-10-23T07:07:18Z
Description: The Bank of Uganda, at the Monetary Policy Committee (MPC) meeting of October 2020 has maintained the Central Bank Rate (CBR) at 7 per cent. The high-frequency indicators for economic activity in the quarter to September 2020, point to a mild recovery of economic activity with an estimated growth of 2 per cent from a sharp contraction of 6 per cent in the quarter to June 2020.

Fri Oct 23, 2020

ECONOMIC GROWTH: Central bank forecasts modest GDP growth in 12-24 months

The Bank of Uganda, at the Monetary Policy Committee (MPC) meeting of October 2020 has maintained the Central Bank Rate (CBR) at 7 per cent. The high-frequency indicators for economic activity in the quarter to September 2020, point to a mild recovery of economic activity with an estimated growth of 2 per cent from a sharp contraction of 6 per cent in the quarter to June 2020.