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Bank of Uganda Holds CBR at 9.75% Amid Resilient Growth and Rising Inflationary Risks

by Paul Murungi
Bank of Uganda Governor, Michael Atingi-Ego and his deputy, Augustus Niwagaba have opted to hold the Central Bank Rate at 9.75% citing a resilient domestic economy and broadly contained inflation.

The Bank of Uganda (BoU) has opted to hold its Central Bank Rate (CBR) steady at 9.75% in its May 2025 Monetary Policy statement, citing a resilient domestic economy and…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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