Monetary Policy Statement
Bank of Uganda raises benchmark rate to 12 per cent at special meeting
Uganda’s central bank lifted its rate to 12 per cent, the largest increase since 2011, and raised its inflation forecasts as the shilling weakened
Monetary policy
Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text
Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through
Bank of Uganda’s Monetary Policy Statement for February 2026: the full text
The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
Monetary Policy Statement
Bank of Uganda’s Monetary Policy Statement for November 2025: the full text
The central bank's decision reflects its confidence in the improving domestic economic environment, while also acknowledging the ongoing risks posed by the global economy
Bank of Uganda’s Monetary Policy Statement for August 2025 — Full text
On 12 August 2025, the Monetary Policy Committee of the Bank of Uganda maintained the Central Bank Rate at 9.75%, reflecting persistent global economic uncertainty and recurring geopolitical tensions
Bank of Uganda’s Monetary Policy Statement for May 2025 — Full text
On 13 May 2025, the Bank of Uganda's Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 9.75 per cent
Bank of Uganda’s Monetary Policy Statement for August 2024 — Full text
The central bank's Monetary Policy Committee voted to reduce its benchmark interest rate by 25 basis points
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
BoU’s Monetary Policy Statement for December 2023 — Full text
BoU's monetary policy committee maintained the central bank rate at 9.5 per centMore Monetary Policy Statement
5 October 2023
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
15 August 2023
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
12 April 2017
Bank of Uganda has some news on the economy… And it is not good!
Bank of Uganda on Wednesday reduced the policy lending rate by 0.5% to 11% citing an improved inflation outlook and the need to support private sector credit and economic growth.