{"id":55281,"date":"2022-04-14T12:05:39","date_gmt":"2022-04-14T09:05:39","guid":{"rendered":"https:\/\/www.kfm.co.ug\/?p=55281"},"modified":"2022-04-14T09:08:58","modified_gmt":"2022-04-14T06:08:58","slug":"bankers-association-welcomes-decision-to-maintain-lending-rate","status":"publish","type":"post","link":"https:\/\/www.kfm.dembefm.ug\/staging_h\/bankers-association-welcomes-decision-to-maintain-lending-rate\/","title":{"rendered":"Bankers association welcomes decision to maintain lending rate"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>By Ritah Kemigisa<\/strong><\/p>\n<p>The Uganda Bankers Association has welcomed the central bank\u2019s decision to maintain the lending rate at 6.5%.<\/p>\n<p>The bank in its monetary policy statement for April released on Tuesday maintained the Central Bank Rate at 6.5% for a fifth time despite the rising inflation.<\/p>\n<p>The annual headline and core inflation is forecast to average 5.2% and 4.7% from what had been projected in February.<\/p>\n<p>The Bank first cut the lending to the historic low of 6.5% to try and boost the flow of cheap credit and lift businesses battered by the effects of the COVID-19 pandemic.<\/p>\n<p>Speaking to KFM, Bankers association executive director Wilbrod Owor says the reasons for keeping the lending rate low are valid underscoring the need to grow the private sector.<\/p>\n<p>In the monetary policy statement, Bank of Uganda Deputy governor Michael Atingi-Ego said they maintained the lending rate because much as the inflation is forecast slightly above the 5% target in the medium term, the recent price hikes have not spread across the basket of consumer goods and services.<\/p>\n<p>Read also:\u00a0<a href=\"https:\/\/www.kfm.dembefm.ug\/staging_h\/business\/bank-of-uganda-maintains-lending-rate-at-6-5.html\">Bank of Uganda maintains lending rate at 6.5%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; By Ritah Kemigisa The Uganda Bankers Association has welcomed the central bank\u2019s decision to maintain the lending rate at 6.5%. The bank in its monetary policy statement for April released on Tuesday maintained the Central Bank Rate at 6.5% for a fifth time despite the rising inflation. The annual headline and core inflation is forecast to average 5.2% and 4.7% from what had been projected in February. The Bank first cut the lending to the historic low of 6.5% to try and boost the flow of cheap credit and lift businesses battered by the effects of the COVID-19 pandemic. Speaking to KFM, Bankers association executive director Wilbrod Owor says the reasons for keeping the lending rate low are valid [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":48712,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[3,7],"tags":[],"class_list":["post-55281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"_links":{"self":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/55281"}],"collection":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/comments?post=55281"}],"version-history":[{"count":0,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/55281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media\/48712"}],"wp:attachment":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media?parent=55281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/categories?post=55281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/tags?post=55281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}