FX.co ★ Uganda Leaves Key Policy Rate at 9.75%

The Bank of Uganda decided to keep its benchmark interest rate steady at 9.75% on November 10, 2025. This marks the fifth consecutive meeting without any rate changes. The decision aims to control inflation while fostering economic growth amidst global uncertainties. In recent months, inflation has remained relatively low, reaching a seven-month low of 3.4% in October. Core inflation also fell to 3.4%, its lowest since March 2024. The central bank adjusted its core inflation forecast for 2025/26 down to 4%–4.5%, compared to the earlier estimate of 4.5%–4.8% made in August. Economic growth is now projected to be around 6.5%–7% for this fiscal year, improving from an earlier prediction of 6%–6.5%.