BoU has managed inflation well, say Citi boss
Uganda, Feb. 24 -- Citi Group, which operated Citibank in Uganda, has said the aggressive monetary policy tightening by the central bank has played a key role in controlling inflation thus improving economic outlook.
Speaking in an interview, Mr David Livingstone, Citi chief executive officer for Europe, Middle East and Africa, said the growth outlook in Uganda has improved remarkably over the last few months following tight monetary policy by the central bank.
"There has been good management of inflation . here in Uganda and therefore there are expectations that inflation will continue to go down and that will allow policy rates to reduce as the central bank builds confidence," he said.
While economic growth has continued to be weak d...
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