Monetary policy

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

Consumer inflation rises to 5-month high

Uganda consumer price inflation increased for the second straight month in November, rising to its highest level in five months, boosted by a rise in core consumer prices
Statistics House, which houses the Uganda Bureau of Statistics 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

Central bank’s preferred measure of inflation eases to 14-month low

The Bank of Uganda's preferred measure of inflation eased to a 14-month low in September, a reading that gives its policy makers latitude to cut interest rates when they meet next Tuesday
The Bank of Uganda in Kampala
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

IMF sees favourable prospects for Uganda, calls for more social spending

The IMF is optimistic about Uganda's prospects over the next five years but says more social spending is needed to fight unemployment among youths and women
An aerial photo of the Karuma hydropower project
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
Economy

Inflation to rise on higher import prices and increased taxes, BoU says

Bank of Uganda has kept it's policy rate unchanged, pointing to a continued improvement in economic activity and a projected increase in inflation in the next 12 months
Export containers at a port.
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