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Bank of Uganda threatens to cap lending rates

In a letter from the Central Bank Governor, Bank of Uganda has threatened to cap the interest that commercial banks can charge borrowers, after the industry failed to reduce loan rates in response to cuts in benchmark rates. David Walakira, Policy Analyst and Development Economist joins CNBC Africa for more.


Tue Jul 21 2020 | 10:24:22 GMT+0000 (Coordinated Universal Time)

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