KAMPALA Aug 14 Uganda's central bank kept its
key lending rate unchanged at 11 percent on
Thursday, saying the east African country's economy was
continuing to register growth.
Bank of Uganda (BoU) or central bank Governor Emmanuel
Tumusiime-Mutebile said lending interest rates had eased over
last 12 months, and private sector credit was also growing.
The key lending rate was cut to 11 percent in June as
Tumusiime-Mutebile voiced concerns that the downside risks meant
Uganda would not be able to return to the 7 percent level it had
achieved in previous years.
(Reporting by Elias Biryabarema; Editing by James Macharia)