More Borrowing Could Squeeze Private Sector Credit: BoU Warns Gov’t

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By Spy Uganda Bank of Uganda Governor Michael Atingi-Ego has warned that higher-than-planned Government borrowing could push up interest rates and undermine private-sector access to credit, even as he said the domestic financial market has sufficient capacity to absorb the Government’s planned borrowing. Atingi-Ego was appearing before the Budget Committee of Parliament, chaired by Gabriel…