Uganda Interest Rate  2011-2018 | Data | Chart | Calendar | Forecast

The Bank of Uganda left its benchmark interest rate unchanged at 9.0 percent at its August 2018 meeting, saying the decision is consistent given the objective of keeping inflation close to the 5 percent target and the need to contribute to attaining sustainable economic growth. Annual inflation rate rose to 3.1 percent in July from 2.2 percent in June, due to higher prices of oil. Policymakers mentioned that a weaker shilling exchange rate combined with higher cost of oil could elevated the inflation trajectory while food prices are expected to remain low and are not a major risk to the inflation outlook. Core inflation is projected to peak around 6-7 percent in the second half of FY 2018/19 but will stabilize around the medium-term target by the end of 2019. The Committee added that the economic activity continues to strengthen and it is expected to expand 6 percent in FY 2018/2019. Interest Rate in Uganda averaged 13.30 percent from 2011 until 2018, reaching an all time high of 23 percent in November of 2011 and a record low of 9 percent in February of 2018.

Uganda Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-09 10:00 AM Interest Rate Decision 9.0% 9.0% 9.0%
2018-06-12 10:00 AM Interest Rate Decision 9.0% 9.0% 9.0%
2018-08-13 10:00 AM Interest Rate Decision 9% 9% 9.0%
2018-10-05 09:40 AM Interest Rate Decision 9% 9.0%
2018-12-14 12:00 PM Interest Rate Decision 9.0%


Uganda Money Last Previous Highest Lowest Unit
Interest Rate 9.00 9.00 23.00 9.00 percent [+]
Money Supply M2 15694.80 15164.80 15694.80 138.70 UGX Billion [+]
Money Supply M3 22475.10 21477.10 22475.10 138.70 UGX Billion [+]
Foreign Exchange Reserves 3220.70 3310.50 3654.45 5.10 USD Million [+]
Loans to Private Sector 12923.30 12819.00 12923.30 244.22 SHS Billion [+]
Deposit Interest Rate 9.70 13.20 35.83 5.56 percent [+]
Money Supply M1 9459.60 9010.90 9459.60 912.60 UGX Billion [+]


Uganda Interest Rate

In Uganda, interest rates decisions are taken by the Bank of Uganda. The Bank of Uganda official interest rate is the central bank rate. This page provides the latest reported value for - Uganda Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda Interest Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.00 9.00 23.00 9.00 2011 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 17.75 Jul/18
Mexico 7.75 Aug/18
Russia 7.25 Jul/18
Brazil 6.50 Aug/18
India 6.50 Aug/18
Indonesia 5.50 Aug/18
China 4.35 Jul/18
United States 2.00 Aug/18
Australia 1.50 Aug/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.75 Aug/18
Euro Area 0.00 Jul/18
France 0.00 Jul/18
Germany 0.00 Jul/18
Italy 0.00 Jul/18
Netherlands 0.00 Jul/18
Spain 0.00 Jul/18
Japan -0.10 Jul/18
Switzerland -0.75 Jul/18


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