Inflation

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
Economy

Uganda economy to grow 5% in 2017 – Stanbic Bank

After growing at an average rate of 7.8% in 1990-2010, the expansion of Uganda's economy slowed to 4.5% in the five years to 2016. The prevailing consensus among economists is that growth this year will hew to the rate of the last few years.
A Stanbic Bank Economist at a Stanbic event.
Economy

Inflation rises to 5.9% in January

Inflation rose to 5.9% in January, the highest rate in seven months, mainly driven by an increase in the price of food crops, according to the Uganda National Bureau of Statistics. Headline inflation in December 2016 came in at 5.7%.
Economy

Inflation climbs to six-month high

The inflation rate rose sharply in December to 5.7%, the highest rate in six months, mainly because of an increase in the price of food crops to 10.8%, according to the Uganda Bureau of Statistics. Headline inflation in November was 4.6%.
Economy

Bank of Uganda cuts benchmark interest rate to 12%

The Bank of Uganda on Wednesday lowered the central bank rate by 100 basis points from 13%, set in October, to 12%. The bank's monetary policy committee said the rise was necessary to "keep the domestic economic growth momentum."
Economy

Bank of Uganda governor expects “small rise” in GDP growth

The prospects for macroeconomic stability in the near to medium term are currently very good, according to the central bank governor. Economic growth in 2017 will be "close to the economy’s medium term potential growth of 5%," he said.
Emmanuel Tumusiime-Mutebi, the governor of the Bank of Uganda
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%.
Economy

Inflation slows to 4.1% in October

Annual headline inflation slowed to 4.1% for the year ended October 2016 from 4.2% in September, according to data from the Uganda Bureau of Statistics. Core inflation however rose to 5.1% year-on-year from 4.1% (revised) in September.
Economy

Bank of Uganda lowers key lending rate to 13%

Bank of Uganda has cut its benchmark lending rate by 100 basis points to 13%, saying its forecast of core inflation will remain around the medium-term target of 5% over the next 12 months and citing the need to support domestic economic growth.
Bank of Uganda officials during the Monetary Policy Press Briefing
DataEconomy

Inflation falls to 4.2% in September

Annual headline inflation fell for the third consecutive month, slowing to 4.2% in September 2016 from 4.8% in August, according to data from the Uganda Bureau of Statistics. Core inflation, which is targeted by the Central Bank, also fell to 4.1%.
A retail shopping centre in downtown Kampala, Uganda
Previous 1…9101112 Next