The Bank of Uganda (BoU) has raised its benchmark interest rate from 9.75% to 12%, tightening monetary policy in response to rising inflation risks driven by higher fuel prices, a weakening shilling and external economic pressures. The decision, announced by Bank of Uganda Governor Michael Atingi-Ego on Wednesday, October 14, 2026, followed a special meeting […]The post BoU raises interest rate to 12% as fuel prices, shilling pressure inflation appeared first on Eagle Online.