Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text

What the report says

The oil and chemical tanker Petrel Pacific at a port terminal in Australia in October 2021 © Unsplash The Monetary Policy Committee (MPC) of the Bank of Uganda (BoU), at its meeting held on 14 May 2026, maintained the Central Bank Rate (CBR) at 9.75 per cent. The Committee assessed that, although risks arising from the conflict in the Middle East could exert upward pressure on inflation, the current monetary policy s