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

The Bank of Uganda cut its benchmark interest rate by 50 bps to 9.0 percent at its February 2018 meeting, saying a cautious easing of monetary policy is needed to strengthen the economic growth momentum and boost private sector credit growth given the target inflation. Policymakers added that economic activity strengthened in 2017 and the growth outlook is expected to be around 5.0 percent and 5.5 percent for 2017/2018 fiscal year and at an average of 6.3 percent over the next five years. In addition, inflation remains subdued: annual inflation decreased in January of 2018 to 3.0 percent from 3.3 percent, mainly due to food prices. The outlook for inflation remains similar to the previous meeting, however for the 12-months horizon it is lower by about 1 percent, mostly due to lower food prices. Inflation is expected to increase gradually as the economy strengthens. Interest Rate in Uganda averaged 13.62 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
2017-10-03 09:40 AM Interest Rate Decision 9.5% 10%
2017-12-18 10:00 AM Interest Rate Decision 9.5% 9.5% 9.5%
2018-02-13 10:55 AM Interest Rate Decision 9.0% 9.5% 9.5%
2018-04-16 09:30 AM Interest Rate Decision 9.0% 9.0%
2018-06-14 12:00 PM Interest Rate Decision
2018-08-14 09:40 AM Interest Rate Decision

Uganda Money Last Previous Highest Lowest Unit
Interest Rate 9.00 9.50 23.00 9.00 percent [+]
Money Supply M2 14783.00 15332.30 15332.30 138.70 UGX Billion [+]
Money Supply M3 20872.80 21396.70 21396.70 138.70 UGX Billion [+]
Foreign Exchange Reserves 3616.82 3654.45 3654.45 5.10 USD Million [+]
Loans to Private Sector 12542.10 12707.20 12707.20 244.22 SHS Billion [+]
Deposit Interest Rate 13.20 12.76 35.83 5.56 percent [+]

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 March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.00 9.50 23.00 9.00 2011 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Mar/18
Mexico 7.50 Feb/18
Russia 7.50 Feb/18
Brazil 6.50 Mar/18
India 6.00 Feb/18
China 4.35 Feb/18
Indonesia 4.25 Mar/18
United States 1.75 Mar/18
Australia 1.50 Mar/18
South Korea 1.50 Feb/18
Canada 1.25 Mar/18
United Kingdom 0.50 Mar/18
Euro Area 0.00 Mar/18
France 0.00 Mar/18
Germany 0.00 Mar/18
Italy 0.00 Mar/18
Netherlands 0.00 Mar/18
Spain 0.00 Mar/18
Japan -0.10 Mar/18
Switzerland -0.75 Mar/18