The Bank of Uganda left its benchmark interest rate unchanged at 9.75% at its August 2026 meeting, extending its run of steady policy decisions to eight straight meetings. Policymakers said inflation pressures were still relatively contained even as oil prices increased. Annual inflation climbed to 4% in July from 3.7% in June, the highest reading since September 2025, but it remained below the central bank’s 5% medium-term target. The economy was described as resilient, with growth expected to speed up to 7%-7.5% in FY2026/27, which started in July, from an estimated 6.4% in FY2025/26.