Markets

Uganda shilling eases slightly after central bank rate cut

Published August 8, 2016 Updated August 8, 2016 09:39pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

KAMPALA: The Ugandan shilling weakened slightly on Monday after the central bank slashed its benchmark policy rate by 100 basis points to 14 percent as traders sought to beef up their dollar positions.

At 1200 GMT commercial banks quoted the shilling at 3,372/3,382, weaker than Friday's close of 3,365/3,375.

Read Comments