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Economy
Bank of Uganda’s Monetary Policy Statement for March 2024 — Full text
On 6 March 2024, a special meeting of the Bank of Uganda's Monetary Policy Committee increased the Central Bank Rate to 10 per cent
March 8, 2024
Economy
BMI forecast: Interest rates to fall by 1% by year-end
Bank of Uganda will keep policy rate at 9.5% in first half of year due to rising inflation, but will cut by 1% by the end as inflation stabilises below target
February 12, 2024
Economy
Bank of Uganda’s Monetary Policy Statement for February 2024 — Full text
The Bank of Uganda's Monetary Policy Committee kept its benchmark interest rate unchanged at 9.5 per cent at its meeting on 6 February
February 7, 2024
Economy
Private sector credit growth drops in December
Lending to the private sector slowed in December due to a decline in microfinance loans and stagnant growth in commercial bank loans
February 6, 2024
Personal Finance
Tips for borrowing money: What’s acceptable and what’s not
While the holidays may tempt you to let your financial guard down, it's important to reflect on your financial portfolio to avoid sinking deeper into debt
December 15, 2023
Economy
BoU’s Monetary Policy Statement for December 2023 — Full text
BoU's monetary policy committee maintained the central bank rate at 9.5 per cent
December 6, 2023
Economy
Monetary Policy Statement for October 2023: BoU’s full statement
On 5 October 2023, Bank of Uganda's Monetary Policy Committee maintained the Central Bank Rate at 9.5 per cent
October 5, 2023
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
August 15, 2023
Economy
Politics & Policy
More competition, less government debt keys to lower lending rates
Report finds that interest rate spreads and interest rates were the highest in Uganda, compared to regional peers
March 15, 2021
Data
Bank interest rates and charges — as at 1 January 2020
Current commercial bank interest rates and charges as at 1 January 2020. Compare fixed deposit and lending rates from Uganda's 24 commercial banks to get the best rate
February 26, 2020
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