Financial Stability Review Quarter ended 31st March 2019

Uganda’s financial system stability improved over the quarter ended March 2019. Domestic financing conditions improved, in spite of tightened global financial conditions that threatened most of the emerging markets and developing economies. The Central Bank Rate (CBR) was maintained at 10.0 percent during March 2019, and this echoed through the range of interest rates. Overall, banking sector resilience improved relative to March 2018. Expectations are for continued, but prudent, growth in credit, cognizant of macroeconomic developments and outlook. Further, the enhanced regulatory framework is expected to strengthen financial stability in Uganda.


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