FX.co ★ Uganda Holds Steady: Central Bank Maintains Interest Rate at 9.75%

KAMPALA, Uganda – In its latest monetary policy announcement on February 6, 2025, Uganda's central bank has decided to maintain its benchmark interest rate at 9.75%. This decision marks a continuation from the previous period, reflecting a steady stance amidst the current economic conditions.

The central bank's decision to maintain the interest rate at 9.75% indicates a focus on stabilizing inflationary pressures while supporting economic growth within the nation. Analysts had widely anticipated this move given subdued inflation trends and the government's cautious approach to fostering a balanced economic environment.

By not adjusting the interest rate, the central bank signals its assessment that the current level is appropriate for achieving its macroeconomic goals. As businesses and investors await further developments, this consistent monetary policy approach seeks to provide a stable financial backdrop for economic planning and investment decisions across the country. The monetary authorities continue to keep a vigilant eye on both domestic and global economic indicators to guide future policy actions.