BOU Cuts Interest Rates, Economy to Grow at 3%

Comments 450 Views Kampala, Uganda
Fuel sales have dropped to all time low. Uganda's economy will only grow at 3%

Fuel sales have dropped to all time low. Uganda's economy will only grow at 3%

In short
BOU says it has granted exceptional permission to banks to restructure loans of corporate and individual customers including a moratorium on loan repayment for borrowers that have been affected by the pandemic, on a case by case basis for up to 12 months, effective April 1, 2020. BOU adds this is still at the discretion of the banks.

 

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