Bank of Uganda Raises Central Bank Rate to 12% in Emergency Move to Stem Shilling Slide and Rising Inflation

What the report says

KAMPALA, October 14, 2026 — The Bank of Uganda (BoU) has sharply raised its Central Bank Rate (CBR) by 225 basis points to 12 percent from 9.75 percent following a special Monetary Policy Committee (MPC) meeting held today. The decision, the largest single hike in years and one that lifts borrowing costs to their highest […] The post Bank of Uganda Raises Central Bank Rate to 12% in Emergency Move to Stem Shilling Sl