BOU holds policy rate at 9.75% as inflation eases

5th December 2024

“At the current central bank rate, monetary policy remains supportive of sustainable economic growth and price stability, aligning with Uganda's socio-economic transformation goals."

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Bank of Uganda Deputy Governor Michael Atingi-Ego. (File photo)

NewVision Reporter

@NewVision

#Bank of Uganda #Uganda inflation #Michael Atingi-Ego

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The Bank of Uganda (BOU) has kept its benchmark lending rate at 9.75%, citing declining inflation and rising investment in the country’s nascent oil and gas sector.

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BOU holds policy rate at 9.75% as inflation eases

“At the current central bank rate, monetary policy remains supportive of sustainable economic growth and price stability, aligning with Uganda's socio-economic transformation goals."

Bank of Uganda Deputy Governor Michael Atingi-Ego. (File photo)

NewVision Reporter

@NewVision

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