FX.co ★ Bank of Uganda Holds Key Rate at 9.75% as Policy Pause Extends

Uganda has kept its benchmark interest rate unchanged at 9.75%, according to the latest policy update on 09 February 2026. The decision maintains the central bank’s previous stance, signaling a continued pause in monetary tightening or easing.

With the key rate holding steady at 9.75%, policymakers appear to be prioritizing stability, likely balancing inflation considerations against growth and financial sector conditions. The unchanged rate suggests that the Bank of Uganda sees current borrowing costs as broadly appropriate for the prevailing macroeconomic environment.

The decision will be closely watched by investors and businesses, as a steady policy rate can help anchor expectations for credit conditions and investment planning. Market participants will now look to future communications from the central bank for clues on the direction of policy in the coming months.