October 11, 2019 / 10:57 AM / a month ago

Ugandan shilling weakens as rate cut spurs banks to beef up positions

KAMPALA, Oct 11 (Reuters) - The Ugandan shilling weakened on Friday as players in the interbank market beefed up their positions after the central bank this week, in a surprise move, cut its policy rate by 100 basis points to 9%.

At 0933 GMT commercial banks quoted the shilling at 3,697/3,707, compared to Thursday’s close of 3,680/3,700.

UGX Spot Rate..... Ugandan Shilling Money Guide.... Calculated Cross Rates.......... Deposits..................... Deposits & Forwards............. Uganda Equities Guide....... Uganda All Share Index........ Shilling background ..... Ugandan Debt Guide............ All Uganda Bonds............. Uganda T-Bills.............. Uganda Benchmark............. Central Bank ................ Ugandan Contributor Index.... Uganda Coffee Prices.......

Reporting by Elias Biryabarema Editing by Giulia Paravicini

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