Bank of Uganda

MONETARY POLICY STATEMENT | November 2026

The Bank of Uganda has maintained the Central Bank Rate (CBR) at 12.0%, allowing previous policy measures time to take effect while continuing to assess inflation risks and global economic developments.

Read the full Monetary Policy Statement for November 2026: ow.ly/W73E5104WPX

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MONETARY POLICY STATEMENT | November 2026
The Bank of Uganda has maintained the Central Bank Rate (CBR) at 12.0% to support price stability.

SERVICE UPDATE | RTGS & ACH Systems Restored

The Bank of Uganda informs all stakeholders and the public that the planned system upgrade has been successfully completed.

Real-Time Gross Settlement (RTGS) and Automated Clearing House (ACH) services were fully restored at 9:00 a.m. on Monday, 9 November 2026.

Bank of Uganda appreciates your patience and understanding during the upgrade.
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Bank of Uganda Opening foreign exchange rates for Monday, 9 November 2026.

To access more UGX exchange rates against other currencies :ow.ly/ABWz5104TcO

Ahead of the Central Bank Rate announcement on Monday, 9 November 2026, here are Uganda’s key macroeconomic indicators for the months to October 2026.

📈 Inflation: Annual core inflation rose to 4.4% in October, up from 3.7% in September. Headline inflation rose to 5.8%, driven by food crops (10.7%) and energy, fuel and utilities (15.4%).
💱 Exchange rate: The shilling ended October at Shs 4,280 per US dollar, compared with Shs 3,920 at the end of September.
🏦 Interest rates: The Central Bank Rate was raised from 9.75% to 12.00% in October. The 364-day Treasury bill yield rose to 14.5%.
🌱 Growth: The economy grew 6.8% in the quarter to June 2026. Private sector credit reached Shs 33.3 trillion in September, and reserves stood at US$6.7 billion, enough for 3.7 months of imports.

Follow our channels for the CBR announcement on Monday.
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