• Home
  • About
  • Join Us
  • Contact
93.3 KFM
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • PHOTO GALLERY
No Result
View All Result
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • PHOTO GALLERY
Subscribe
No Result
View All Result
93.3 KFM
No Result
View All Result
Home Business

BOU Predicts High Inflation Due To El Nino Rains

Reporter by Reporter
October 20, 2015
in Business, News
0
Mutebile gives up on shilling
12
VIEWS
Share on WhatsAppShare on FacebookShare on Twitter

The Bank of Uganda has predicted heightened inflationary tendencies in the coming months.
Releasing the Monetary Policy Statement for October 2015, the Central Bank governor Prof Emmanuel Tumusiime Mutebile said this projection is hinged on the weak global demand conditions, exchange rate depreciation and the anticipated El Nino rains.
He explained that given the current condition, food and other commodity prices are likely to shoot up.
Meanwhile, the BOU has raised the Central Bank Rate by 1% to 17%.
According to the monetary statement, the move was prompted by the rise in annual headline inflation edging to 7.4% from 4.8% in August.
Annual core inflation also rose to 6.7% in September 2015 from 5.5% in August 2015
The heightened inflationary pressures were driven by the rise in food crop prices, in combination with the effects
The governor says that although real GDP growth in the Financial Year 2015/16 is projected at 5% down from an earlier projection of 5.8%, this is still strong growth given the weakening if global economic growth.

Story By Samuel Ssebuliba

Related articles

Joe Walker gears up for Kampala-Mbale road safety awareness walk 

Boys beat girls in 2022 PLE

Reporter

Reporter

Related Posts

Joe Walker gears up for Kampala-Mbale road safety awareness walk 

Joe Walker gears up for Kampala-Mbale road safety awareness walk 

by David Mujuni
January 27, 2023
0

Road safety advocate, Mr. Joseph Beyanga commonly known as Joe Walker is set to walk from Kampala to Mbale on February 6, 2023, to raise awareness...

UNEB to increase registration fees

Boys beat girls in 2022 PLE

by Damali Mukhaye
January 27, 2023
0

Male pupils who sat for the 2022 Primary Leaving Examinations (PLE) have beat their female counterparts in most subjects. According to the executive director of the...

UNEB releases 2022 PLE results, registers better performance

UNEB releases 2022 PLE results, registers better performance

by Damali Mukhaye
January 27, 2023
0

Candidates who sat for the 2022 Primary Leaving Examinations (PLE) have posted better performance compared to their colleagues who sat for the 2020 examinations. Releasing the...

Aviation officials brutally arrest three journalists over ‘computer misuse’

Aviation officials brutally arrest three journalists over ‘computer misuse’

by admin
January 27, 2023
0

By Paul Adude At least three journalists were on Thursday evening brutally arrested by officials travelling aboard a Uganda Civil Aviation Authority (UCAA) bus in Entebbe. The three...

US raid in Somalia kills senior Islamic State figure

US raid in Somalia kills senior Islamic State figure

by admin
January 27, 2023
0

By AFP A US military raid in Somalia ordered by President Joe Biden killed a key regional leader of the Islamic State group, Bilal al-Sudani, US...

Next Post
Moody Awori launches EAC Election Observer Mission

EAC Election Observer Mission To Tanzania Launched

NSSF dealings queried

NSSF To Introduce Smart Cards By December 2015

NRM treasurer Rose Namyanja

NRM Treasurer Undergoes Surgery

CATEGORIES

  • Business
  • Entertainment News
  • Health
  • HotSeat
  • Lifestyle
  • National News
  • News
  • PHOTO GALLERY
  • Sports
  • World News
Joshua Baraka talks musical journey, secrets to breakthrough

Joshua Baraka talks musical journey, secrets to breakthrough

January 27, 2023
Joe Walker gears up for Kampala-Mbale road safety awareness walk 

Joe Walker gears up for Kampala-Mbale road safety awareness walk 

January 27, 2023
UNEB to increase registration fees

Boys beat girls in 2022 PLE

January 27, 2023
93.3 KFM

Kampala's #NumberOne radio station for better information and the best music ! KFM is a subsidiary of Nation Media Group;
@NationMediaGrp

© 2022

No Result
View All Result
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters

© 2022