The central bank of Uganda raised its key central bank rate by 100bps to 10 percent on October 3rd 2018, saying inflation is on an upward trajectory and core inflation is seen rising above the 5 percent, amid a rapid increase in oil prices, a weaker currency and indirect taxes. The inflation was 3.7 percent in September, compared to 3.8 percent in August and core inflation rose to 3.9 percent from 3.5 percent. Policymakers added that the economy is expected to remain on a steady growth path, supported by robust domestic demand, public infrastructure investment, improving agricultural productivity and a recovery in FDI. Interest Rate in Uganda averaged 13.27 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.

Interest Rate in Uganda is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Uganda to stand at 7.50 in 12 months time. In the long-term, the Uganda Interest Rate is projected to trend around 6.75 percent in 2020, according to our econometric models.

Uganda Interest Rate
Forecast Data Chart
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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%
2018-10-03 10:00 AM Interest Rate Decision 10% 9% 9.0%
2018-12-14 10:00 AM Interest Rate Decision 10% 10%

Uganda Money Last Previous Highest Lowest Unit
Interest Rate 10.00 9.00 23.00 9.00 percent [+]
Money Supply M2 15598.40 15649.20 15694.80 138.70 UGX Billion [+]
Money Supply M3 22322.90 22218.00 22475.10 138.70 UGX Billion [+]
Foreign Exchange Reserves 3301.26 3292.57 3654.45 5.10 USD Million [+]
Loans to Private Sector 13766.10 13440.00 13766.10 244.22 SHS Billion [+]
Deposit Interest Rate 9.32 9.17 39.00 3.54 percent [+]
Money Supply M1 9310.80 9484.60 9484.60 912.60 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.00 9.00 23.00 9.00 2011 - 2018 percent Daily

Country Last Previous
Argentina 59.16 Dec/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
South Africa 6.75 Nov/18
Brazil 6.50 Oct/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18