Uganda's central bank holds lending rate for fourth meeting

Uganda's central bank holds lending rate for fourth meeting

Uganda's central bank kept its key lending rate at 9.75% for the fourth monetary policy meeting in a row on Tuesday, citing global economic uncertainties and inflation risks.

Bank of Uganda Keeps Key Lending Rate at 9.75% to Stabilise Prices

The Bank of Uganda (BoU) has kept its key interest rate — known as the Central Bank Rate (CBR) — at 9.75% for August 2025, saying the move will help keep the cost of living stable while supporting economic growth. The CBR is the rate the central bank uses to influence how much banks charge businesses and individuals for loans. By keeping it steady, BoU aims to control “core inflation” — the rise in the cost of goods and services — close to 5%, t…

Uganda Maintains Central Bank Rate at 9.75% Amid Stable Economic Outlook

The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75% for August 2025, signalling a cautious approach to support price stability while fostering sustainable economic growth amid global uncertainty. The decision, announced in the Monetary Policy Statement for August 2025, comes as the country navigates persistent geopolitical tensions, fluctuating commodity prices, and evolving trade dynamics. The CBR is a key monetary poli…