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

The Bank of Uganda has left its benchmark interest rate unchanged at 9.75%, according to data updated on 13 August 2026. The decision keeps borrowing costs steady, maintaining the same level as the previous reading.

By holding the rate at 9.75%, policymakers appear to be signaling a continued wait-and-see stance, balancing inflation dynamics against growth considerations. The unchanged policy setting suggests the central bank is not yet ready to either tighten further or begin easing, opting instead for stability in its monetary framework.

The flat rate trajectory will be closely watched by businesses, consumers, and financial markets, as it influences lending costs, investment decisions, and broader economic sentiment in Uganda. Further signals from the central bank on inflation trends and growth prospects will be critical in shaping expectations for future policy moves.