Central bank rate

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.
Economy

BoU keeps policy rate steady on low inflation and robust growth

The central bank maintained its policy rate at the same level as February 2018, saying its line with its goals of supporting economic growth and keeping inflation within target levels
Bank of Uganda's head office in Kampala.
Economy

Bank of Uganda cuts key rate on private sector credit growth concerns

Bank of Uganda found more room to cut its benchmark rate on concerns about sluggish private sector credit growth and the cost of loans
Bank of Uganda's head office in Kampala.
Economy

Central Bank maintains policy rate while admitting easing cycle has had little effect on loan prices

Bank of Uganda has maintained its lowest ever policy rate, citing a projected rise in core inflation, uneven economic growth, and stickily high prices of credit
Officials seated around a conference table during a press briefing
Economy

Uganda’s central bank cuts benchmark rate to 9.5%

Bank of Uganda said on Tuesday that economic activity is picking up and stressed the importance of private sector credit growth as it announced a cut in its policy rate to its lowest level ever
Economy

Bank of Uganda puts brakes on monetary easing as economy improves

Before Friday's decision, the Bank of Uganda had reduced its policy lending rate in each of its past eight meetings going back to April 2016
Bank of Uganda's head office in Kampala.
Economy

BoU cuts policy lending rate further to support economic recovery

The central bank's decision to cut its policy lending rate was influenced by the slowdown in economic growth
Officials seated around a conference table during a press briefing
Companies

Firms faced stricter lending standards in first three months of 2017

Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
Bank signposts at Oasis Mall, Kampala
Economy

Banks reduce rates on loans, but will they lend?

Several banks have announced their intention to lower prime lending rates since Monday, in response to Bank of Uganda's latest policy rate trimming.
Logos of Uganda's commercial banks
Economy

Bank of Uganda cuts policy rate by 0.5%

Bank of Uganda on Wednesday lowered the central bank rate by 0.5% to 11.5% from the 12% set in December.
Emmanuel Tumusiime-Mutebi, the governor of the Bank of Uganda
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