trending Market Intelligence /marketintelligence/en/news-insights/trending/GL8cO9Upv-J80HuUsDh1PA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Bank of Uganda holds rate amid subdued inflation

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Bank of Uganda holds rate amid subdued inflation

The Bank of Uganda held its key rate at 9.0%, saying its monetary policy remains "accommodative" as inflation stays subdued.

Annual headline and core inflation rose to 3.0% and 2.9%, respectively, in November from 2.5% and 2.6% in October, partly due to higher food crop and energy prices, the central bank said. However, inflation is expected to remain far below the central bank's target of 5.0% until the fourth quarter of 2020.

While risks to the near-term inflation outlook are largely on the upside, food prices remain uncertain due to unpredictable weather patterns and demand pressures remain subdued, the central bank said.

The Bank of Uganda projects the country's economic growth to be in the 5.5%-6.0% range in 2019, and at a similar pace in 2020. It noted that its forecast is subject to downside risks that include geopolitical tensions, trade-policy uncertainties and softening investment spending in the domestic private sector.

The band on the central bank's key rate remains at plus or minus 3 percentage points. The rediscount and bank rates remain at 13% and 14%, respectively.