Monetary policy

Politics & Policy

Central Bank governor responds to criticism of BoU management

Bank of Uganda's governor says claims that the Bank or its management are guilty of incompetence and are no longer up to the task of executing its constitutional mandate are not supported by evidence and should be treated with contempt
Officials seated around a conference table during a press briefing
Economy

How the Bank of Uganda conducts monetary policy

The overall objective of Bank of Uganda’s monetary policy is to achieve low and stable inflation, defined by a medium-term target of 5% of core inflation. The secondary objective is to support economic growth
The Bank of Uganda's headquarters in Kampala
Economy

Food prices drive rise in headline inflation in November

Inflation for the year ended November 2016 rose to 4.6% from 4.1% the previous month, the first increase since July, while core inflation - a key measure targeted by the Bank of Uganda - rose for the second consecutive month to 5.2%.
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