Uganda’s Central Bank hikes benchmark rate to 10.25%

The Central Bank of Uganda has raised its benchmark interest rate, by 25 basis points, a move coming in amid concerns about rising inflation and the bank's commitment to keeping it within target range of 5 per cent. Phillip Ssali, Head, Corporate Sales & Global Markets at Standard Bank Group joins CNBC Africa to help delve deeper into the reasons behind this decision and its potential impact as well as economic progress in the region.
Thu, 11 Apr 2024 14:36:41 GMT