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CSBAG response to the Bank of Uganda Monetary Policy Statement-July 2015-THE IMPLICATION OF THE 14.5% CBR AND THE EXPANSIONARY FISCAL POLICY!

From January to June 2015, the shilling depreciated at an average of 3% per month with end of June having the biggest depreciation rate of 8%. Year on year, the shilling has depreciated by 27% since June 2014. To this, the BoU responded by increasing the Central Bank Rate (CBR) by 1.5% to 14.5%. By increasing the lending rate, BoU is expecting to tame the depreciation of the Shilling.. Download a full document here>>>Monetary Policy Statement for July 2015

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