Uganda’s central bank cut its benchmark policy rate by 0.25 percent to 9.75 percent on Monday in a further sign of subdued inflationary pressures and the spillover effects from softening of monetary policy actions undertaken by leading central banks.
Latest economic data shows annual headline inflation fell from 3.5 percent in August to three percent in September, while core inflation - a measure of price movements that includes energy prices - dropped slightly from 3.9 percent to 3.7 percent during the same period.
