Central bank rate
Inflation inches up to 3.2% on higher transport and service costs
January inflation rose to 3.2% as service costs jumped, offsetting easing food price pressures from December
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
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
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
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
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 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
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
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 balancedMore Central bank rate
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
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
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 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
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
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
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
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
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.
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.
