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Africa, Forex

Uganda central bank holds its key lending rate at 10.0%

KAMPALA (Reuters) – Uganda’s central bank held its key lending rate at 10.0% on Thursday, and said economic expansion had slowed in the first two quarters of this year, but higher credit growth and public infrastructure spending still support its prospects.

It is the fifth time in a row that the bank has held the rate.

(Reporting by Elias Biryabarema; Editing by George Obulutsa)


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