Interest rates
Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text
Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through
February’s bond rally fades as 10-year yield jumps 100 basis points
Uganda's 10-year bond yield rose a full percentage point in two months, partially reversing February's contraction even as investor demand hit exceptional levels
Uganda shilling weakens sharply as oil prices and global risk sentiment shift
Rising oil prices and shifting investor sentiment drive Uganda shilling to weakest level since mid-2024
Stanbic trading desk powers record profit
Stanbic Uganda Holdings posted its strongest profit growth in three years in 2025, led by a surge in trading income and compressed interest margins
Uganda bonds draw strong demand as yields fall to near two-year lows
Investors accepted sub-coupon rates across all three tenors at February's auction, signalling a marked shift in sentiment towards Ugandan sovereign debt
Bank of Uganda’s Monetary Policy Statement for February 2026: the full text
The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
Bank of Uganda keeps rates on hold as inflation stays tame and growth holds firm
The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
Bank of Uganda’s Monetary Policy Statement for November 2025: the full text
The central bank's decision reflects its confidence in the improving domestic economic environment, while also acknowledging the ongoing risks posed by the global economy
Bank of Uganda’s Monetary Policy Statement for August 2025 — Full text
On 12 August 2025, the Monetary Policy Committee of the Bank of Uganda maintained the Central Bank Rate at 9.75%, reflecting persistent global economic uncertainty and recurring geopolitical tensionsMore Interest rates
Monetary Policy Statement for October 2023: BoU’s full statement
On 5 October 2023, Bank of Uganda's Monetary Policy Committee maintained the Central Bank Rate at 9.5 per cent
Monetary Policy Statement for August 2023: the BoU’s full statement
Bank of Uganda cut rates by 0.5 per cent Tuesday, the first adjustment since October 2022, responding to recent economic indicators highlighting the risk of a slowdown in GDP growth. You can read the full statement here
More competition, less government debt keys to lower lending rates
Report finds that interest rate spreads and interest rates were the highest in Uganda, compared to regional peers
Bank interest rates and charges — as at 1 January 2020
Current commercial bank interest rates and charges as at 1 January 2020. Compare fixed deposit and lending rates from Uganda's 24 commercial banks to get the best rate
Bank of Uganda cuts policy rate to support economic growth
The Bank of Uganda has reduced interest rates for the first time since February 2018 in a bid to support economic growth
Commercial bank interest rates and charges as at 1 January, 2019
We are publishing the information to help you get the best rates in case you are shopping for a loan, and to help you decide the best bank to do business with. In short, we want to help you save money
Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018
Profit growth at Stanbic Bank - Uganda's largest bank by assets - picked up a little pace in the first half of 2018 following a decline last year. Still, the bank's primary source of income continued declining due to central bank rate cuts.
Stanbic Bank cuts prime lending rate
Stanbic Bank Uganda is cutting its prime lending rate from 18% to 17.5% for loans in Uganda shillings,
Interest rates and bank charges for personal accounts as at 1 April 2017
Charges and interest rates for personal accounts in Uganda’s commercial banks and credit institutions as at 1 April 2017
IMF warns on Kenya’s interest cap law, but gov’t says too early to tell impact
Kenya's interest rate cap law has had "unintended negative consequences" on credit availability for small and medium-sized firms, and is also undermining the effectiveness of monetary policy, according to the IMF.
