Bloomberg Uganda’s central bank reduced its benchmark interest rate by 100 basis points for a third consecutive time, to 14 percent, citing an unfavorable growth outlook due to global economic uncertainty. While warning that drought may hurt food prices, a major component on the inflation index, the monetary policy committee expects both headline and core inflation to slow toward ...

  Bloomberg The outlook for most commodities remains shaky even after investors poured more than $50 billion into raw materials this year, and it may take fiscal stimulus to get things going, not more central bank easing, according to Barclays Plc, which reached for the history books to make a case. Additional monetary easing by the central banks is unlikely ...

  Bloomberg The wave of office buildings under construction in London is a bigger threat to rents and values than the risk of companies moving out after the UK’s vote to leave the European Union, according to UBS Group AG. “We saw a build-up of oversupply of office space long before Brexit which can’t be stopped,” Thomas Wels, global head ...