FX.co ★ Bank of Uganda Holds Key Rate at 9.75% as Policy Path Steadies

The Bank of Uganda has kept its benchmark interest rate unchanged at 9.75%, according to data updated on 14 May 2026. The decision leaves borrowing costs at the same level as the previous reading, signaling a steady policy stance from the central bank.

By holding the key rate at 9.75%, policymakers appear focused on maintaining stability rather than shifting toward either tighter or looser monetary conditions. The unchanged rate suggests the Bank of Uganda currently sees no immediate need to adjust its policy in response to domestic or external economic developments.

Market participants and businesses will now look ahead to future data releases and central bank communications for clues on whether this stable rate path will continue or eventually give way to a new phase of monetary tightening or easing.