Macro Finance
Ugandan Shilling Rallies for Second Day After Jumbo Rate Hike
Bloomberg Markets·October 15, 2026·1 min read
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. The jumbo hike, aimed at curbing inflation and supporting the currency, boosted investor confidence, with the shilling strengthening against the dollar in regional trading.
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