Uganda Central Bank Raises Rates Sharply to Defend Falling Shilling
After the Ugandan shilling hit a 33-year low amid foreign investor selling of local bonds, the central bank held an emergency meeting and raised its benchmark rate to 12%, its largest increase in 15 years.
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| Oct 15, 7:56 AM | bloomberg.com | Ugandan Shilling Rallies for Second Day After Jumbo Rate Hike |
| Oct 14, 10:34 AM | investing.com | Uganda central bank raises rates to 12% to support shilling |
| Oct 14, 3:35 AM | bloomberg.com | Shilling World’s Best Performer After Uganda’s Jumbo Rate Hike |
| Oct 13, 4:32 AM | bloomberg.com | Ugandan Central Bank Calls Special Meeting After Shilling Sinks |
| Oct 12, 7:02 AM | bloomberg.com | (USD:UGX) Uganda Shilling Turns Worst Currency as Investors Sour on Local Debt |