KAMPALA (Reuters) – Uganda’s central bank on Thursday held its key lending rate at 10.0%, saying the near-term risks to the inflation outlook remained elevated.
The decision, announced by deputy governor Michael Atingi-Ego at a news conference, is the third time in a row the bank has kept its main policy rate unchanged.
Inflation fell to 9.0% year-on-year in March from 9.2% a month earlier.
(Writing by George Obulutsa; Editing by Alexander Winning)