Monetary policy

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

Bank of Uganda’s monetary policy statement for February 2022

Full text of the Bank of Uganda's monetary policy statement for February 2022
Economy

Central bank holds interest rates steady citing need to support recovery

The Bank of Uganda on Monday held its key lending rate unchanged for the fifth consecutive meeting citing the need to support economic growth and on-target inflation
The Bank of Uganda in Kampala
Economy

Central bank keeps rate unchanged, flags volatile economic and financial conditions

The Bank of Uganda kept its key policy rate unchanged to provide more economic stimulus amidst volatile demand, sluggish private sector borrowing, and the effects of coronavirus restrictions to key sectors
Containers at Mombasa Port in Kenya
EconomyPolitics & Policy

Bank of Uganda holds rates, warns of rising public debt

Central bank maintains key interest rate at record low, noting gradual but subdued economic growth and favourable inflation outlook
The offices of the Ministry of Finance in Kampala.
EconomyPolitics & 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
A retail shopping centre in downtown Kampala, Uganda
Economy

Central bank holds interest rates at record low, extends relief measures

Bank of Uganda said it was keeping its central bank rate unchanged and extending its credit relief and liquidity assistance measures for businesses and financial institutions for six months starting 1 April
Economy

Central bank details key debt relief measures to ease coronavirus hit

The measures include the opportunity to pause loan repayments, the chance to extend maturity dates of loans, and other forms of debt restructuring set out by the law. The central bank has also suspended the prepayment of loan arrears as a condition for debt restructuring
Workers on a construction project
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

Bank of Uganda postpones monetary policy meeting to Monday [Update]

The Bank of Uganda has called off its monetary policy committee meeting which was scheduled for Friday and said it will communicate a new date "soon"
Bank of Uganda officials during the Monetary Policy Press Briefing
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