Bank Of Uganda Will Ease Policy In H2 2024 Following Surprise March Hike
Country Risk / Uganda / Thu 07 Mar, 2024
Key View
- We expect that the Bank of Uganda (BoU) will cut its policy rate by 50 basis points (bps) to 9.50% by end-2024, after hiking by 50bps to 10.00% at a special meeting on March 6.
- While inflation is likely to pick up over the coming months, driven by the lagged impact of exchange rate depreciation on import prices, we do not expect