FX.co ★ Bank of Uganda Holds Key Interest Rate at 12% Amid Policy Steadiness

The Bank of Uganda has maintained its key interest rate at 12.00%, according to data updated on 9 November 2026. The benchmark rate remains unchanged from the previous level of 12.00%, signaling policy continuity from the central bank.

The decision to hold the rate steady suggests that Ugandan monetary authorities are opting for stability in borrowing costs rather than moving toward further tightening or easing at this time. With the policy rate unchanged, existing lending and deposit conditions in the domestic financial market are likely to remain broadly aligned with recent trends, as investors and businesses look for further signals on the central bank’s future stance.