Central Bank maintains CBR at 10% 

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“The positive growth outlook is expected to be sustained over the coming year, partly driven by public infrastructure investment,” he added.

Central Bank Governor,  Emannuel-Tumusiime Mutebile. Photo/File

The Central Bank has maintained its benchmark lending rate at 10%. The bank said growth projection is likely to be higher between 6% and 7% at the close of the financial year. 

“Core and headline inflation are forecast to be highest at 6% to 6.6% and 5.1% in the second half of 2019, which is lower than the previous forecast by 1 and 0.7 percentage points, respectively,” Central Bank Governor, Emannuel-Tumusiime Mutebile said. 

“The positive growth outlook is expected to be sustained over the coming year, partly driven by public infrastructure investment,” he added.

 

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