Central Bank rate increased from 9.75% to 12.0%. Will the Central Bank rate ever come down again?

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Central Bank rate increased from 9.75% to 12.0%. What’s the effect of this on Uganda’s economy. 


This comes after a special Monetary Policy Committee meeting on 14 October 2026.
The decision aims to contain rising inflation risks driven by higher fuel prices and exchange rate pressures, while safeguarding price stability.
The Bank also raised the Cash Reserve Requirement (CRR) from 11.0% to 13.5%, effective 24 September 2026, to manage excess liquidity in the banking system and strengthen monetary policy effectiveness.”


 

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