Uganda’s central bank on Thursday held its key lending (UGCBIR=ECI) rate at 10.0%, saying the near-term risks to the inflation outlook remained elevated.
The decision, announced by deputy governor Michael Atingi-Ego at a news conference, is the third time in a row the bank has kept its main policy rate unchanged.
Inflation (UGCPIY=ECI) fell to 9.0% year-on-year in March from 9.2% a month earlier.
Uganda’s Central Bank Maintains Key Lending Rate
![](https://i0.wp.com/globalbankingmonitor.com/wp-content/uploads/2023/04/pexels-timothy-nkwasibwe-8450907-scaled.jpg?fit=696%2C464&ssl=1)
Photo by Timothy Nkwasibwe: https://www.pexels.com/photo/man-running-holding-a-flag-8450907/