Uganda, Dec. 7 -- The Bank of Uganda has maintained its policy rate (Central Bank Rate) at 10 percent citing a slowdown in the inflationary pressure in the economy.

Presenting the monetary policy statement Wednesday during the Monetary Policy Committee (MPC) meeting at the central bank headquarters in Kampala, the deputy governor Bank of Uganda, Dr Michael Atingi-Ego noted that higher inflationary pressures are beginning to fade but there are many uncertainties surrounding the outlook that make the path of returning inflation to the target while keeling the domestic economy on an even keel a narrow one.

"In the circumstances, the MPC decided to maintain the CBR at percent. This will allow time to access economic out," he said.