The Bank of Uganda kept its key interest rate steady at 9.75% on February 9, 2026, marking a sixth straight hold, saying the stance remains appropriate to support growth while keeping inflation near target amid global uncertainty. The central bank noted that Inflation has remained below the medium-term target of 5%, reflecting the impact of prudent monetary policy and fiscal coordination, a stable exchange rate, declining global inflation, and favorable food and energy prices. Headline inflation edged up to 3.2% in January from 3.1% in December and is projected to remain slightly below target in 2026, within a 3.8%-4.3% range, before stabilizing over the medium term. However, the central bank cautioned that risks remain elevated, including stronger domestic demand and geopolitical uncertainty. Growth is projected at 6.5%-7% in FY2025/26, with medium-term growth expected to rise to around 8% on increased public investment and oil-related infrastructure projects. source: Bank of Uganda

The benchmark interest rate in Uganda was last recorded at 9.75 percent. Interest Rate in Uganda averaged 11.04 percent from 2011 until 2026, reaching an all time high of 23.00 percent in November of 2011 and a record low of 6.50 percent in June of 2021. This page provides the latest reported value for - Uganda Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The benchmark interest rate in Uganda was last recorded at 9.75 percent. Interest Rate in Uganda is expected to be 9.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Interest Rate is projected to trend around 8.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-12 10:15 AM Interest Rate Decision 9.75% 9.75% 9.75%
2025-11-10 10:25 AM Interest Rate Decision 9.75% 9.75% 9.75%
2026-02-09 09:40 AM Interest Rate Decision 9.75% 9.75% 9.75%
2026-05-14 12:00 PM Interest Rate Decision 9.75%
2026-08-13 12:00 PM Interest Rate Decision
2026-11-12 12:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Deposit Interest Rate 11.82 10.79 percent Dec 2025
Foreign Exchange Reserves 5991.08 6014.87 USD Million Dec 2025
Interest Rate 9.75 9.75 percent Feb 2026
Loans to Private Sector 28243.37 27909.95 UGX Billion Dec 2025
Money Supply M1 21527.10 21921.10 UGX Billion Dec 2025
Money Supply M2 37280.70 37486.20 UGX Billion Dec 2025
Money Supply M3 50203.00 50674.20 UGX Billion Dec 2025


Uganda Interest Rate
In Uganda, interest rates decisions are taken by the Bank of Uganda. The Bank of Uganda official interest rate is the central bank rate.
Actual Previous Highest Lowest Dates Unit Frequency
9.75 9.75 23.00 6.50 2011 - 2026 percent Daily

News Stream
Uganda Holds Key Policy Rate at 9.75%
The Bank of Uganda kept its key interest rate steady at 9.75% on February 9, 2026, marking a sixth straight hold, saying the stance remains appropriate to support growth while keeping inflation near target amid global uncertainty. The central bank noted that Inflation has remained below the medium-term target of 5%, reflecting the impact of prudent monetary policy and fiscal coordination, a stable exchange rate, declining global inflation, and favorable food and energy prices. Headline inflation edged up to 3.2% in January from 3.1% in December and is projected to remain slightly below target in 2026, within a 3.8%-4.3% range, before stabilizing over the medium term. However, the central bank cautioned that risks remain elevated, including stronger domestic demand and geopolitical uncertainty. Growth is projected at 6.5%-7% in FY2025/26, with medium-term growth expected to rise to around 8% on increased public investment and oil-related infrastructure projects.
2026-02-09
Uganda Leaves Key Policy Rate at 9.75%
The Bank of Uganda maintained its benchmark interest rate unchanged at 9.75% on November 10, 2025, marking the fifth consecutive meeting with no adjustments. The decision was aimed at containing inflation while also supporting economic growth amidst global uncertainties. Inflation has remained relatively subdued in recent months, dipping to a seven-month low of 3.4% in October. Core inflation fell to its lowest since March 2024 at 3.4%. The central bank revised down its core inflation forecast for 2025/26 to 4%–4.5%, from the August estimate of 4.5%–4.8%. Economic growth is now seen around 6.5%-7% in this fiscal year, up from an earlier forecast of 6%-6.5%.
2025-11-10
Uganda Leaves Key Rate at 9.75%
The Bank of Uganda kept its benchmark interest rate steady at 9.75% on August 12, 2025, marking the fourth consecutive meeting without a change, amid global economic uncertainties and rising inflation risks. Both headline and core inflation declined slightly to 3.8% and 4.1% in July 2025, respectively, from 3.9% and 4.2% in June 2025. Policymakers noted that annual headline and core inflation averaged 3.4% and 3.9% over the past twelve months, remaining below the medium-term target of 5%, but trade tariffs pose significant risks to the inflation outlook. Meanwhile, the central bank highlighted the economy’s resilience, citing robust trade momentum and steady confidence levels. Real GDP growth is expected to range between 6.0% and 6.5% in FY2025/26, with further strengthening projected over the medium term.
2025-08-12