January’s inflation accelerated to 10.4% (December: 10.2%). The increase was largely due to a base effect stemming from January 2022´s drop in transport fares. However, the Bank of Uganda (BoU) maintained the policy rate at 10.00% at its 6 February meeting. Inflation will ease from current highs this year, but will remain above the BoU’s 5.0% target.
Uganda Central Bank Rate (%, eop) Data
|Central Bank Rate (%, eop)||9.50||10.00||9.00||7.00||6.50|