Uganda

    The Bank of Uganda (BOU) has kept its benchmark lending rate unchanged at 9.75%, citing the need for caution in the current economic environment despite low inflation and steady growth.

    The annual pace of Uganda’s inflation eased in August to its lowest level since February 2022, the Uganda Bureau of Statistics said Thursday.

    The Bank of Uganda (BoU) yesterday left the Central Bank Rate (CBR) at 10 percent for the second time, saying it is still effective enough to control the rise in inflation, bring stability to the lending rate, and exchange rate, and drive economic growth.

    More Articles …

    1. Uganda's inflation rises to 7.9% in July
    2. Uganda’s Central Bank raises policy rate to 8.5% as inflation bites
    3. Ugandan central bank raises key rate to 7.5% to curb inflation
    4. Uganda's central bank cuts rate to boost fragile growth as virus rises
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