Key data points
Last release
—
Observation period
Oct 7, 2024
Next release
—
Forecast
—
Highest
23.00 % on Jan 31, 2012
Lowest
6.50 % on May 31, 2022
About 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.
Related indicators
Frequently Asked Questions
Uganda interest rate is 9.75% at the moment.
Last month Uganda interest rate was 9.75%, and the month before that it amounted to 10%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.