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The losses come at a time when BoU’s expenditure, sometimes referred to as an operating deficit, shot through the roof, eclipsing income by Shs233 billion in the period ending June 30, 2022
Deutsche Bank analyst George Saravelos said the Bank of England must raise interest rates as early as next week to calm markets and restore credibility
Deutsche Bank analyst George Saravelos said the Bank of England must raise interest rates as early as next week to calm markets and restore credibility
The new President will first have to get Parliament to approve borrowing limits for the next financial year before considering the budget.
Treasury Cabinet Secretary Ukur Yatani said Eurobonds had become expensive in the wake of Russia’s invasion of Ukraine.