Markets
Ugandan shilling biased on weaker side as rate cut triggers pressure
The central bank made an unexpected cut by 100 basis points to its policy rate this week.
KAMPALA: The Uganda
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- The central bank made an unexpected cut by 100 basis points to its policy rate this week.
At 0949 GMT commercial banks quoted the shilling at 3,688/3,698, compared to Monday's close of 3,685/3,695.