Thank you Juruga for this analysis and more importantly for raising the
issue of the disparities between the lending rates from the developed world
central banks and the Ugandan Central Bank. It beats common sense and one
wonders why our economy is not doing well! How can an economy do well
when
Bank of Uganda's Economic Inconsistencies.
Business news this week was constantly reporting how the US Federal Reserve
just raised it's core interest rate to 0.25%.
What a huge difference I thought, compared to Bank of Uganda's 17% lending
rate.
And it's the first time since 2006 that the US
