Ugandan Shilling Rallies for Second Day After Jumbo Rate Hike

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AI Summary

Uganda’s shilling gained for a second consecutive day after the central bank imposed its largest interest-rate increase since 2011. The currency may also have been supported by suspected dollar sales.

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.

World Politics Markets Uganda Ugandan shilling central bank interest rates currency intervention foreign exchange

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