Bank of Uganda Holds Interest Rate at 9.5%

Monetary Policy Maintained

The Bank of Uganda has maintained its Central Bank Rate (CBR) at 9.5 percent, citing stable inflation and moderate economic growth prospects.

Governor Charles Abuka announced the decision following the Monetary Policy Committee meeting, noting that inflation remained within the target range of 5 percent.

"The economy is showing signs of steady recovery, and we believe the current rate is appropriate to support growth while keeping inflation in check," Abuka said.

The MPC projects GDP growth of 6-7 percent for FY 2026/27.