Kampala, Uganda – In a strategic move to enhance economic analysis and forecasting, the Bank of Uganda has reduced the frequency of Central Bank Rate (CBR) reviews from bi-monthly to quarterly. This change will allow the Monetary Policy Committee to conduct more thorough analyses and make informed decisions.
The CBR, which was last reviewed in December 2024 and held at 9.75%, will now be assessed on specific dates: February 6, May 8, August 7, and November 6, 2025. The Monetary Policy Statement will also be issued quarterly, starting from February 25.
According to Deputy Governor Michael Atingi-Ego, this adjustment will improve forecasting accuracy and build on the bank’s established track record of effective policy decisions. However, the committee retains the flexibility to adjust the review schedule if economic conditions warrant a change.