The Bank of Uganda kept its benchmark lending rate for the fourth consecutive time at 10% on June 18th 2019, saying that growth should strengthen to 6.3% in 2019 from 6.1% a year earlier. In May, headline inflation rate eased to 3.3% from 3.5% in the prior month and annual core inflation fell to 4.6% from 4.8% in April, moving away from the central bank's midpoint target of 5 percent. However, policymakers noted that escalating global trade tensions, local unfavourable weather and delays in infrastructure projects are the major risks to the economic outlook. Interest Rate in Uganda averaged 12.95 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 9.50 in 12 months time. In the long-term, the Uganda Interest Rate is projected to trend around 8.75 percent in 2020, according to our econometric models.

Uganda Interest Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
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%
2019-04-01 09:25 AM Interest Rate Decision 10% 10% 10%
2019-06-18 09:30 AM Interest Rate Decision 10% 10% 9.5%
2019-08-15 09:30 AM Interest Rate Decision 10% 9.5%
2019-10-08 10:00 AM Interest Rate Decision 9.5%
2019-12-13 10:00 AM Interest Rate Decision 9.5%


Uganda Money Last Previous Highest Lowest Unit
Interest Rate 10.00 10.00 23.00 9.00 percent [+]
Money Supply M2 16419.90 16523.70 16523.70 138.70 UGX Billion [+]
Money Supply M3 22875.30 23273.80 23273.80 138.70 UGX Billion [+]
Foreign Exchange Reserves 3409.93 3407.62 3654.45 5.10 USD Million [+]
Loans to Private Sector 15655.36 15508.43 15655.36 244.22 SHS Billion [+]
Deposit Interest Rate 10.26 9.85 39.00 3.54 percent [+]
Money Supply M1 9560.60 9760.00 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 July 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 58.80 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
South Africa 6.75 May/19
Brazil 6.50 Jun/19
Indonesia 6.00 Jun/19
India 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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