Bank of Uganda threatens to cap lending rates

Name: Bank of Uganda threatens to cap lending rates
Uploaded: 2020-07-21T10:24:22.007Z
Duration: 6 min 41 s
Description: 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.

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.

Tue, 21 Jul 2020 10:24:22 GMT

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.

Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.

.css-l0mio9{display:none;visibility:hidden;}