The Financial institution of Uganda determined to maintain its benchmark rate of interest unchanged at 9.5% throughout its assembly on October fifth 2023, amid growing indicators of easing inflationary pressures. Governor Michael Atingi-Ego said that the present financial coverage stance will contribute to preserving inflation round its medium-term goal, supporting financial stability. Uganda’s annual inflation eased for the eighth consecutive month to 2.7% in September 2023, the bottom since January 2022, down from 3.5% in August. Within the meantime, financial progress is projected to stay sturdy within the coming months, boosted by investments within the extractive industries, financed by international direct investments and better export earnings. supply: Financial institution of Uganda
The benchmark rate of interest in Uganda was final recorded at 9.50 %. Curiosity Fee in Uganda averaged 11.27 % from 2011 till 2023, reaching an all time excessive of 23.00 % in November of 2011 and a file low of 6.50 % in June of 2021. This web page gives the most recent reported worth for – Uganda Curiosity Fee – plus earlier releases, historic excessive and low, short-term forecast and long-term prediction, financial calendar, survey consensus and information. Uganda Curiosity Fee – knowledge, historic chart, forecasts and calendar of releases – was final up to date on November of 2023.
The benchmark rate of interest in Uganda was final recorded at 9.50 %. Curiosity Fee in Uganda is anticipated to be 9.50 % by the top of this quarter, in keeping with Buying and selling Economics international macro fashions and analysts expectations. Within the long-term, the Uganda Curiosity Fee is projected to development round 8.00 % in 2024 and seven.50 % in 2025, in keeping with our econometric fashions.
In Uganda, rates of interest selections are taken by the Financial institution of Uganda. The Financial institution of Uganda official rate of interest is the central financial institution fee.
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Uganda Holds Key Curiosity Fee at 9.5%
Uganda Cuts Curiosity Charges by 50bps
Uganda Leaves Key Fee at 10%