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Monetary policy response for the month of May 2014

In the month of April 2014, both the core and headline inflation reduced from 3.7% and 7.1% to 3.4% and 6.7% respectively. For the bank of Uganda, this means that for the fourth month in a row since January 2014, the policy target of core inflation below 5% has been achieved. This has
been achieved in part due to the neutral Central bank Rate that has been held at 11.5% since December 2013. Download a full document here>>>Monetary policy response for the month of May 2014

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