Bank of Uganda Cuts Lending Rate to 9.5%

This is the lowest rate the central bank has decided on since it implemented its current monetary policy on July 4, 2011 that targets stabilisation of the market using short term interest rates.



Bank of Uganda governor Emmanuel Tumusiime-Mutebile.

  • Uganda:   Uganda Cuts Key Lending Rate to 9.5%

    East African, 4 October 2017

    Uganda's central bank has cut its benchmark policy rate by 0.5 per cent to 9.5 per cent in its bid to boost private sector credit growth and strengthen the economy. Read more »