The Bank of Uganda maintained its Central Bank Rate at 9.75 percent during November 2025, citing controlled inflation and steady economic expansion. Governor Michael Atingi-Ego announced that consumer price increases fell to 3.4 percent in October from 4 percent the previous month, driven by consistent food costs, currency strength and reduced expenses for education and housing. The rate remains below the central bank's 5 percent target.
Economic output expanded 6.3 percent during the 2024/25 fiscal period, slightly exceeding the prior year's 6.1 percent performance. Bank officials project growth between 6.5 and 7 percent for the current period, with future expansion potentially reaching 8 percent annually through increased private investment and government infrastructure programs. Officials anticipate inflation will hold between 4 and 4.5 percent over the coming 12 months, though global tensions, weather variability and capital movement shifts pose potential risks.
Economic output expanded 6.3 percent during the 2024/25 fiscal period, slightly exceeding the prior year's 6.1 percent performance. Bank officials project growth between 6.5 and 7 percent for the current period, with future expansion potentially reaching 8 percent annually through increased private investment and government infrastructure programs. Officials anticipate inflation will hold between 4 and 4.5 percent over the coming 12 months, though global tensions, weather variability and capital movement shifts pose potential risks.
