Monetary policy
Bank of Uganda tightens liquidity as shilling falls to weakest since 2024
The Bank of Uganda says it can stabilise the shilling, and has raised banks' cash reserve requirement to 13.5 per cent for the second time this year
Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text
Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through
Bank of Uganda’s Monetary Policy Statement for February 2026: the full text
The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
Bank of Uganda keeps rates on hold as inflation stays tame and growth holds firm
The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
Bank of Uganda’s Monetary Policy Statement for November 2025: the full text
The central bank's decision reflects its confidence in the improving domestic economic environment, while also acknowledging the ongoing risks posed by the global economy
Bank of Uganda’s Monetary Policy Statement for August 2025 — Full text
On 12 August 2025, the Monetary Policy Committee of the Bank of Uganda maintained the Central Bank Rate at 9.75%, reflecting persistent global economic uncertainty and recurring geopolitical tensions
Central bank holds rates with wait-and-see guidance
The central bank hewed to expectations on Tuesday, keeping its benchmark rate unchanged citing “macroeconomic stability” resulting from coordination between monetary and fiscal policies
Bank of Uganda’s Monetary Policy Statement for May 2025 — Full text
On 13 May 2025, the Bank of Uganda's Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 9.75 per cent
Bank of Uganda’s Monetary Policy Statement for August 2024 — Full text
The central bank's Monetary Policy Committee voted to reduce its benchmark interest rate by 25 basis pointsMore Monetary policy
Central bank details key debt relief measures to ease coronavirus hit
The measures include the opportunity to pause loan repayments, the chance to extend maturity dates of loans, and other forms of debt restructuring set out by the law. The central bank has also suspended the prepayment of loan arrears as a condition for debt restructuring
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
Bank of Uganda postpones monetary policy meeting to Monday [Update]
The Bank of Uganda has called off its monetary policy committee meeting which was scheduled for Friday and said it will communicate a new date "soon"
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
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
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
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
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
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
