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#PMLive: CBR REDUCED TO 9%

Bank of Uganda has further reduced the Central Bank Rate the rate at which it lends to commercial banks to 9% from 9.5%.
The move by the central bank is aimed at reducing the cost of credit especially for private sector that takes up micro and small loans.
Governor Emmanuel Mutebile noted that the cost of credit is still relatively high for the micro and small loans categories as compared to the corporate entities that acquire credit at lower rates.

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