Uganda Holds Firm Amid Global Uncertainty: Benchmark Interest Rate Remains Steady at 9.75%

The Bank of Uganda has maintained its benchmark interest rate at 9.75% amid growing global uncertainty, signaling the central bank's commitment to controlling inflation and promoting sustainable growth.

This decision underscores the importance of domestic economic policies in mitigating the impact of external shocks. Uganda is navigating a complex geopolitical landscape, marked by the ongoing Russia-Ukraine conflict, rising global economic tensions, and increasing energy prices.