The Bank of Uganda kept its benchmark interest rate steady at 9.75% on February 9, 2026 marking the sixth consecutive meeting with no adjustments. Policymakers noted that inflation is still below the bank’s 5% medium-term target, but risks to the outlook remain elevated due to ongoing geopolitical uncertainty. The annual inflation rate edged higher to 3.2% in January 2026, compared with 3.1% in both of the preceding months.