Interest rates on government securities rise
Bank of Uganda last week said interest rates on government securities is rapidly rising whereby interests for the 364- days securities stand at 10 per cent, 182 -days at 9.5 per cent and 91-day at 8.2 per cent compared to a low of about 4 per cent in March last year.
Interest rates were rising in the bond market Tuesday as Federal Reserve Chairman Ben Bernanke said he doesn't expect the economy to fall back into a recession.