Ugandan Shilling Rallies for Second Day After Jumbo Rate Hike
Uganda’s shilling extended gains for a second day Thursday after the central bank delivered its biggest interest-rate increase since 2011 and was suspected of selling dollars.
By Fred Ojambo and Ray Ndlovu · Bloomberg Markets
Uganda’s shilling extended gains for a second day Thursday after the central bank delivered its biggest interest-rate increase since 2011 and was suspected of selling dollars.