• Home
  • About
  • Join Us
  • Contact
93.3 KFM
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery
No Result
View All Result
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery
No Result
View All Result
93.3 KFM
No Result
View All Result
Home Business

Central Bank governor predicts tough times

Reporter by Reporter
August 6, 2013
in Business
0
Central Bank Governor Tumusiime Mutebile

Central Bank Governor Tumusiime Mutebile

0
SHARES
42
VIEWS
Share on WhatsAppShare on FacebookShare on Twitter

Mutebile 3

The Central Bank has predicted tough times ahead in terms of food prices.

The Governor Bank of Uganda Emmanuel Mutebile says effects of the dry spell are expected to further push up food prices in the next three months.

A rise in prices of food and other commodities in different parts of the country have pushed the inflation rate to 5.1% up from 3.6% percent,  according to the Uganda Bureau of Statistics.

Mutebile says inflation is likely to increase slightly in the next three to six months largely driven by the effects of drought on domestic food production and prices.

He also said that oil prices are likely to increase because of the geopolitical factors in the Middle East and North Africa

Meanwhile, the Central Bank Rate has been maintained at 11% due to inflationary pressures.

 

Previous Post

No more condom shortage

Next Post

President M7 is ready to deal with ADF rebels

Next Post
President M7 is ready to deal with ADF rebels

President M7 is ready to deal with ADF rebels

Leave a Reply

Your email address will not be published. Required fields are marked *

CATEGORIES

  • Business
  • Entertainment News
  • Health
  • HotSeat
  • Lifestyle
  • National News
  • News
  • PHOTO GALLERY
  • Sports
  • World News

Women’s movement urged to embrace global solidarity for greater gains

June 24, 2025

43-year Kabojja Junior School teacher gets 4 years in jail for indecently assaulting pupil

June 23, 2025

Bugweri road crash claims one

June 23, 2025
93.3 KFM

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

© 2024

No Result
View All Result
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery

© 2024