In Uganda, interest rates decisions are taken by the Bank of Uganda. The Bank of Uganda official interest rate is the central bank rate.
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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%.
