Uganda Raises Rates by 15-Year High on October 14, Shilling Surges 4% to Become World's Best Performer
According to Uganda's Central Bank, on October 14, the central bank raised its benchmark interest rate by its largest margin in 15 years to defend the shilling against further depreciation. The Ugandan shilling appreciated as much as 4% to 3,984 against the dollar by 5:20 p.m. Kampala time,
GateNews·10-14 16:25
