Central bank rate

Economy

Inflation inches up to 3.2% on higher transport and service costs

January inflation rose to 3.2% as service costs jumped, offsetting easing food price pressures from December
Increasing piles of coins with a red arrow on a square patterned background.
Economy

Monetary Policy Statement for August 2023: the BoU’s full statement

Bank of Uganda cut rates by 0.5 per cent Tuesday, the first adjustment since October 2022, responding to recent economic indicators highlighting the risk of a slowdown in GDP growth. You can read the full statement here
Economy

Bank of Uganda lowers policy rate amid growth concerns

Central bank cites economic indicators as it reduces policy rate to 9.5 per cent for stimulus
The Bank of Uganda in Kampala
Economy

Coronavirus: BoU cuts interest rates, lowers growth forecasts, offers flexibility on bad loans

The Bank of Uganda cut its benchmark interest rate by a percentage point as part of measures to mitigate the economic crisis caused by the coronavirus pandemic, and also announced actions to support the financial institutions it supervises, including a moratorium on dividends and bonus payments
Emmanuel Tumusiime-Mutebi, the governor of the Bank of Uganda
Economy

Central bank keeps benchmark lending rate steady

The Bank of Uganda on Thursday held its benchmark interest rate yet again in an effort to keep inflation down and below target, and to support economic growth
The Bank of Uganda in Kampala
Economy

Bank of Uganda keeps rates unchanged to boost slowing economy

A slowdown in global economic activity and subdued domestic demand has weakened the economy and made clear the need for monetary and fiscal stimulus to support stronger growth, the Bank of Uganda has said
Bank of Uganda's head office in Kampala.
Economy

Bank of Uganda cuts policy rate to support economic growth

The Bank of Uganda has reduced interest rates for the first time since February 2018 in a bid to support economic growth
Busy market in Kampala, Uganda
Economy

Bank of Uganda holds policy rate steady, says inflation remains subdued

Bank of Uganda maintained its benchmark lending rate for the third time this year, saying the inflation outlook over the next 12 months is largely unchanged from the last monetary policy committee meeting in April but noted that risks remain elevated
Officials seated around a conference table during a press briefing
Economy

Bank of Uganda leaves rates unchanged, hails strong economy

The Bank of Uganda's monetary policy committee has voted to keep the Bank's benchmark lending rate unchanged in its first meeting of 2019, noting that the risks to its medium-term inflationary outlook are roughly balanced
Export containers at a port.
EconomyPolitics & Policy

Bank of Uganda holds primary rate constant

The Bank said the decision is consistent with its neutral monetary policy stance and is in line with keeping core inflation close to the medium-term target of 5% while supporting economic growth
Bank of Uganda officials during the Monetary Policy Press Briefing
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