February 13, 2018 / 12:39 PM / 5 days ago

Ugandan shilling stable despite key rate cut

KAMPALA, Feb 13 (Reuters) - The Ugandan shilling remained unchanged on Tuesday, despite a central bank easing of its monetary policy stance, traders said.

At 1217 GMT, commercial banks quoted the shilling at 3,630/3,640, the same level as Monday’s close.

The Bank of Uganda cut its policy rate to 9 percent from 9.5 percent earlier on Tueday, but traders said the local currency remained stable, drawing support from pending mid-month tax payments.

UGX Spot Rate..... Ugandan Shilling Money Guide.... Calculated Cross Rates.......... Deposits..................... Deposits & Forwards............. Uganda Equities Guide....... Uganda All Share Index........ Shilling background ..... Ugandan Debt Guide............ All Uganda Bonds............. Uganda T-Bills.............. Uganda Benchmark............. Central Bank ................ Ugandan Contributor Index.... Uganda Coffee Prices.......

Reporting by Elias Biryabarema; Editing by Aaron Maasho

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