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Bank Of Uganda Says Economic Growth Set At 5.5Pct

Bank Of Uganda Says Economic Growth Set At 5.5Pct

“The current low rates of inflation are partly attributable to a fall in food prices in 2014 — due to a good domestic harvest — lower global food prices, and subdued traded goods price inflation,”  Prof. Emmanuel Tumusiime Mutebile, Bank of Uganda governor told CCTV Africa.

According to a new report, the Bank of Uganda has solidified projected economic growth for the country to be 5.5 percent. This figure is reflective of the time period ending in June 2015. While the country has seen a drop in inflation, heightened public spending to support the 2016 election is expected to once again affect prices, according to CCTV Africa.