BoU Issues Monthly Bank Rate Tomorrow

discount geneva; font-size: small; line-height: 200%;”>The Governor is expected to issue the Monetary Policy Statement for December 2013 during the monthly press conference.

Subsequently, Dr Adam Mugume, the Executive Director Research, will engage the media on issues related to inflation and exchange rate developments.

Uganda Bureau of Statistics states that Mbarara registered the highest annual inflation rate of 10.2 %.

Masaka registered the second highest annual inflation rate of 10.0 % up at the last monthly statement released by the BoU Governor, Mutebile.

Kampala middle and low income registered the third highest annual inflation rate of 9.7 %.


The inflation rate was attributed to high price levels for food, mineral water, bottled beer, malwa, clothing and education charges.

It also stated that the annual food crops inflation rate declined to 14.3 % in October 2013 from 16.2 % recorded for the year ended September 2013.

The monthly increase in prices was recorded for petrol, diesel, kerosene, clothing, rent, telephone tariffs, bicycle spare parts and some households and personal goods.

However, prices for charcoal and firewood went down in most centers.

The annual inflation rate for other goods declined to 6.4 % in October from 6.7 % recorded in September 2013.

For services, the annual inflation rate remained stable at 7.5 %.

Tomorrow’s press conference will start at 12pm in the Board Room, on Level 7, at the Bank of Uganda Headquarters.

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