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Uganda's Central Bank Hikes Reserve Ratio to Defend Shilling
The Bank of Uganda raised the cash reserve requirement for commercial banks as the shilling continues to slide.
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Next: The Bank of England is expected to keep its benchmark interest rate unchanged at 3.75% on Thursday, but may signal a hawkish stance to leave room for a November rate hike. August inflation at 3.1% exceeded forecasts, and the scale of quantitative tightening for the new fiscal year may be reduced to £50 billion.
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