Uganda Interest Rate

Kalender GMT Actual Forrige Konsensus
2019-06-18 09:30 AM 10% 10%
2019-08-15 09:20 AM 10% 10%
2019-10-07 09:15 AM 9% 10%
2019-12-09 09:20 AM 9% 9%
2020-02-07 09:00 AM 9%

News Stream
Uganda Cuts Key Policy Rate to 9%
The Bank of Uganda slashed its benchmark lending rate by 100 basis points to 9% on October 7th 2019, reversing a 100 bps hike in October last year amid slower economic growth and lower inflation. The GDP growth slowed below 6 percent in the first and second quarter of 2019 while inflation rate continued to decline reaching near 1-1/2-year low of 1.9 percent in September. The inflation outlook was also revised downwards compared to the August forecasts and annual core inflation is now projected to remain below the 5 percent target until the fourth quarter of 2020.

Uganda Leaves Interest Rate Steady at 10%
The Bank of Uganda held its benchmark lending rate for the fifth consecutive time at 10% on August 15th, to support growth, as economic activity slowed in the first two quarters of the year. The GDP growth is projected at 6-6.3% in 2019, supported by strong domestic demand and improvements in the agricultural sector. Over a 2-5 year horizon, growth must remain robust, averaging 6.2 percent per annum. Still, policymakers pointed some downside risks to the outlook, namely external factors linked to a subdued global demand, alongside domestic ones such as weather-related constraints and delays in implementation of public investment programmes. Regarding inflation, though it slowed sharply to a 7-month low of 2.6 percent in July, the near-term inflation forecasts are higher than in June.

Uganda Holds Key Interest Rate Steady at 10%
The Bank of Uganda kept its benchmark lending rate for the fourth consecutive time at 10% on June 18th 2019, saying that growth should strengthen to 6.3% in 2019 from 6.1% a year earlier. In May, headline inflation rate eased to 3.3% from 3.5% in the prior month and annual core inflation fell to 4.6% from 4.8% in April, moving away from the central bank's midpoint target of 5 percent. However, policymakers noted that escalating global trade tensions, local unfavourable weather and delays in infrastructure projects are the major risks to the economic outlook.

Uganda Holds Key Interest Rate at 10%
The Bank of Uganda held its benchmark lending rate for the third consecutive time at 10% on April 1st, saying economic activity is close to its potential of 6-6.5%. The country's annual core inflation jumped to 4.6 percent in March, its highest level since June 2017 and close to the central bank's midpoint target of 5 percent. The inflation outlook in the short-term is unchanged compared to the February 2019 forecast although risks remain elevated. However, inflation in the medium-term is projected slightly higher: annual headline inflation and core inflation are now forecast to reach 6.3% and 6.4% in Q3 2021.

Uganda Holds Key Interest Rate at 10%
The Central Bank of Uganda kept its benchmark interest rate at 10 percent on February 7th 2019, saying the inflation outlook for the near-term has improved, largely due to a relatively stronger currency and a good crop harvest. However, risks to the outlook remain elevated and inflation is expected to converge to the target of 5 percent in the medium-term. The annual inflation rose to 2.7 percent in January from 2.2 percent in the prior month. The bank projects the economy to expand by 6.3 percent in 2018-19 and to grow steadily over the coming years.

Uganda Penge Sidste Forrige Højeste Laveste Unit
Rentesats 9.00 9.00 23.00 9.00 Procent [+]
Pengemængde M2 18998.10 18518.90 18998.10 138.70 Ugx - Billion [+]
Pengemængde M3 26417.10 25977.40 26417.10 138.70 Ugx - Billion [+]
Valutareserver 3153.37 3155.59 3654.45 5.10 Usd Million [+]
Udlån Til Den Private Sektor 16454.23 16317.70 16454.23 244.22 Shs - Billion [+]
Depotrenten 10.26 9.91 39.00 3.54 Procent [+]
Pengemængde M1 11060.10 10681.90 11060.10 912.60 Ugx - Billion [+]