The general rise in the prices of goods and services is projected to stay below the target in the short term, with balanced risks despite the uncertainties.
Ugandan banks secured Ush21.5 trillion ($5.81 billion) in emergency loans from their regulator in three months to November, pointing to a deepening liquidity crisis in a sector fueled by increased government borrowing, latest disclosures show.
The central bank, Bank of Uganda (BoU), in its latest state of the economy report (2024) says the lenders’ utilisation of the facility known as the Standing Lending Facility (SLF) grew more than six fold to Ush 25.2 trillion ($6.81 billion) from Ush3.7 trillion ($1 billion) in the three months to August 2024.
