Bank of Uganda maintains CBR at 7 percent as it predicts slow economic recovery The Central Bank notes that Inflation outlook remains extremely uncertain because the intensity, spread and duration of the COVID-19 pandemic is not yet known

Bank of Uganda Governor Emmanuel Tumusiime-Mutebile. Government, through Bank of Uganda, continued to implement the Inflation Targeting monetary policy framework and succeeded in keeping inflation low and stable, consistent with our medium-term target of 5%.