Uganda Interest Rate  2011-2017 | Data | Chart | Calendar | Forecast

The Bank of Uganda lowered its benchmark interest rate to 11.5 percent at its February 2017 meeting, in an attempt to boost growth and support the currency amid uncertain global economic developments. Policymakers lowered its GDP forecasts for 2016/2017 to 4.5 percent (5 percent in the previous estimate), saying the slowdown is due to temporary factors. Meanwhile, the economy is expected to grow 5.5 percent in 2017/2018, due to improvements in public infrastructure investment, recovery in private sector investment and agricultural production and consumption. Also, the near-term outlook for inflation deteriorated, due to an increase in international oil and food prices although the target 5% ±0.3 was left unchanged for the next twelve months. The rediscount rate and the bank rate were also cut to 15.5 percent and 15.5 percent, respectively. Interest Rate in Uganda averaged 14.25 percent from 2011 until 2017, reaching an all time high of 23 percent in November of 2011 and a record low of 11 percent in June of 2013.

Uganda Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-08 10:00 AM Interest Rate Decision 14% 15% 15%
2016-12-14 09:40 AM Interest Rate Decision 12% 13% 13%
2017-02-15 01:00 PM Interest Rate Decision 11.5% 12% 12%
2017-04-14 09:30 AM Interest Rate Decision 11.5%
2017-06-15 09:30 AM Interest Rate Decision




Uganda Money Last Previous Highest Lowest Unit
Interest Rate 11.50 12.00 23.00 11.00 percent [+]
Money Supply M2 13102.10 13265.10 13265.10 138.70 UGX Billion [+]
Money Supply M3 18807.70 18971.90 18971.90 138.70 UGX Billion [+]
Foreign Exchange Reserves 3041.33 3027.70 3391.01 5.10 USD Million [+]
Loans to Private Sector 12056.65 12164.16 12164.16 244.22 SHS Billion [+]
Deposit Interest Rate 12.76 10.81 35.83 5.56 percent [+]



Uganda Interest Rate Notes

In Uganda, interest rates decisions are taken by the Bank of Uganda. The Bank of Uganda official interest rate is the central bank rate. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
11.50 12.00 23.00 11.00 2011 - 2017 percent Daily



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South Africa 7.00 Feb/17
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Ethiopia 5.00 Feb/17
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Qatar 5.00 Mar/17
Bosnia and Herzegovina 4.91 Jan/17
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Peru 4.25 Mar/17
Tunisia 4.25 Feb/17
Bahamas 4.00 Feb/17
Iraq 4.00 Feb/17
Jordan 4.00 Feb/17
Mauritius 4.00 Feb/17
Serbia 4.00 Mar/17
Algeria 3.50 Feb/17
Barbados 3.46 Feb/17
Macedonia 3.25 Feb/17
Chile 3.00 Mar/17
Guatemala 3.00 Feb/17
Libya 3.00 Feb/17
Malaysia 3.00 Mar/17
Philippines 3.00 Mar/17
Kuwait 2.75 Mar/17
Belize 2.50 Feb/17
Croatia 2.50 Jan/17
Cameroon 2.45 Feb/17
Central African Republic 2.45 Feb/17
Chad 2.45 Feb/17
Equatorial Guinea 2.45 Jan/17
Gabon 2.45 Feb/17
Republic of the Congo 2.45 Feb/17
Cuba 2.25 Feb/17
Morocco 2.25 Mar/17
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Australia 1.50 Mar/17
Poland 1.50 Mar/17
Thailand 1.50 Mar/17
Taiwan 1.38 Mar/17
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Hong Kong 1.25 Mar/17
Macau 1.25 Mar/17
South Korea 1.25 Feb/17
Oman 1.24 Feb/17
Comoros 1.15 Nov/16
United States 1.00 Mar/17
Hungary 0.90 Mar/17
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Canada 0.50 Mar/17
Fiji 0.50 Feb/17
Norway 0.50 Mar/17
New Caledonia 0.25 Feb/17
United Kingdom 0.25 Mar/17
Singapore 0.22 Feb/17
Israel 0.10 Feb/17
Czech Republic 0.05 Feb/17
Austria 0.00 Mar/17
Belgium 0.00 Mar/17
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Estonia 0.00 Mar/17
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Finland 0.00 Mar/17
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Germany 0.00 Mar/17
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Latvia 0.00 Mar/17
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Netherlands 0.00 Mar/17
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Spain 0.00 Mar/17
Japan -0.10 Mar/17
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Switzerland -0.75 Mar/17