Back to today’s briefing

Story perspectives

Bank of Uganda Maintains Rate Amid Economic Uncertainty

2/10/2026

43 10 Full Breakdown

Summary

Story summary

Bank of Uganda (BoU) held the key policy rate at 9.75% for the sixth consecutive meeting, citing global economic uncertainty and low inflation.
Inflation was 3.2% in January 2026, with a 3.5% average over the past year, well below the 5% target.
Growth is projected at 6.5%–7% for the 2025/26 financial year, with risks from domestic demand, exchange-rate pressures, and geopolitical tensions.

1 of 1

Story summary

Bank of Uganda (BoU) held the key policy rate at 9.75% for the sixth consecutive meeting, citing global economic uncertainty and low inflation.
Inflation was 3.2% in January 2026, with a 3.5% average over the past year, well below the 5% target.
Growth is projected at 6.5%–7% for the 2025/26 financial year, with risks from domestic demand, exchange-rate pressures, and geopolitical tensions.