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

On February 9, 2026, the Bank of Uganda left its benchmark interest rate unchanged at 9.75%, marking the sixth consecutive policy meeting without adjustment. Policymakers observed that inflation remains below the central bank’s 5% medium-term target, but warned that risks to the outlook remain elevated amid ongoing geopolitical uncertainty. Uganda’s annual inflation rate inched up to 3.2% in January 2026, from 3.1% in each of the previous two months.