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flag Uganda's central bank kept its lending rate at 9.75% in February 2026 amid rising inflation and global risks.

flag Uganda's central bank held its key lending rate at 9.75% in February 2026, citing rising inflation and global economic risks. flag Inflation edged up to 3.2% in January, driven by higher energy and services costs, though it remains below the 5% target. flag The bank cited ongoing geopolitical tensions, high oil prices, and supply chain disruptions as threats to inflation stability. flag The rate has been unchanged since October 2024, as the country prepares for commercial oil production later in 2026. flag Economic growth is projected at 6.5% to 7% for the current fiscal year, with medium-term average growth expected at 8%.

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