December 1, 2014 / 8:23 AM / 6 years ago

Uganda central bank chief sees inflationary pressures building up

KAMPALA (Reuters) - Uganda’s central bank governor expects inflationary pressure to build up in the next two years due to growing demand and the impact of a weaker currency, a local newspaper reported on Monday.

“I have little doubt that inflationary pressures are likely to mount over the next two years,” Daily Monitor quoted Emmanuel Tumusiime-Mutebile as telling bankers at a dinner on Friday.

The central bank confirmed to Reuters the governor had made the comments.

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