The Central Bank of Uganda kept its benchmark interest rate at 10 percent on February 7th 2019, saying the inflation outlook for the near-term has improved, largely due to a relatively stronger currency and a good crop harvest. However, risks to the outlook remain elevated and inflation is expected to converge to the target of 5 percent in the medium-term. The annual inflation rose to 2.7 percent in January from 2.2 percent in the prior month. The bank projects the economy to expand by 6.3 percent in 2018-19 and to grow steadily over the coming years. Interest Rate in Uganda averaged 13.08 percent from 2011 until 2019, 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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%
2019-02-07 09:50 AM Interest Rate Decision 10% 10% 10%
2019-04-04 10:00 AM Interest Rate Decision 10%
2019-06-18 10:00 AM Interest Rate Decision
2019-08-15 10:00 AM Interest Rate Decision


Uganda Money Last Previous Highest Lowest Unit
Interest Rate 10.00 10.00 23.00 9.00 percent [+]
Money Supply M2 16295.50 16427.50 16427.50 138.70 UGX Billion [+]
Money Supply M3 23053.90 23100.60 23100.60 138.70 UGX Billion [+]
Foreign Exchange Reserves 3414.49 3341.44 3654.45 5.10 USD Million [+]
Loans to Private Sector 14112.76 13987.15 14112.76 244.22 SHS Billion [+]
Deposit Interest Rate 9.72 9.68 39.00 3.54 percent [+]
Money Supply M1 9825.10 9962.40 9962.40 912.60 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 23.00 9.00 2011 - 2019 percent Daily




Country Last Previous
Argentina 43.94 Feb/19
Turkey 24.00 Jan/19
Mexico 8.25 Feb/19
Russia 7.75 Feb/19
South Africa 6.75 Jan/19
Brazil 6.50 Feb/19
India 6.25 Feb/19
Indonesia 6.00 Jan/19
China 4.35 Jan/19
Saudi Arabia 3.00 Jan/19
United States 2.50 Jan/19
Singapore 1.90 Jan/19
Canada 1.75 Jan/19
South Korea 1.75 Jan/19
Australia 1.50 Jan/19
United Kingdom 0.75 Feb/19
Euro Area 0.00 Jan/19
France 0.00 Jan/19
Germany 0.00 Jan/19
Italy 0.00 Jan/19
Netherlands 0.00 Jan/19
Spain 0.00 Jan/19
Japan -0.10 Jan/19
Switzerland -0.75 Jan/19


Related

Latest