BoU Raises Interest Rate to 12% as Uganda Shilling Weakness Stokes Inflation

BoU raises interest rate to 12% as Uganda Shilling weakness stokes inflation

BoU tightens monetary policy as inflation risks mount

Bank Of Uganda Hikes Rate By 2.25 Points As Inflation Is Set To Rise

Bank of Uganda has raised its Central Bank Rate from 9.75% to 12% and now expects headline inflation of 7.0% to 7.5% over the next year as the shilling weakens and fuel costs climb.

Bank of Uganda raises benchmark interest rate to 12% amid currency, inflation pressures

The Bank of Uganda (BoU) has raised its benchmark interest rate by 225 basis points to 12%, tightening monetary policy in response to the Ugandan shilling’s depreciation, worsening external balances, and rising inflation risks.

Staggering Economy! Bank Of Uganda Hikes Central Bank Rate To 12% Amid Inflation Risks

By Spy Uganda The Bank of Uganda (BoU) has sharply increased its benchmark lending rate from 9.75 percent to 12 percent, warning that rising global oil prices, pressure on the Ugandan shilling and escalating tensions in the Middle East could push inflation higher in the coming months. In a monetary policy statement issued on Wednesday,…

Bank of Uganda Raises Central Bank Rate to 12% in Emergency Move to Stem Shilling Slide and Rising Inflation

KAMPALA, October 14, 2026 — The Bank of Uganda (BoU) has sharply raised its Central Bank Rate (CBR) by 225 basis points to 12 percent from 9.75 percent following a special Monetary Policy Committee (MPC) meeting held today. The decision, the largest single hike in years and one that lifts borrowing costs to their highest […]

Bank of Uganda Raises Central Bank Rate to 12.0%

The Bank of Uganda has raised the Central Bank Rate (CBR) from 9.75% to 12.0% after a special Monetary Policy Committee meeting on 14 October 2026. The decision aims to contain rising inflation risks driven by higher fuel prices and exchange rate pressures, while safeguarding price stability. The Bank also raised the Cash Reserve Requirement (CRR) from 11.0% to 13.5%, effective 24 September 2026, to manage excess liquidity in the banking system …