Moody's Ratings (Moody's) has today downgraded the Government of Uganda's long-term foreign-currency and local-currency issuer ratings to B3 from B2 and changed the outlook to stable from negative.

The annual pace of Uganda’s inflation eased in August to its lowest level since February 2022, the Uganda Bureau of Statistics said Thursday.

The Bank of Uganda (BoU) yesterday left the Central Bank Rate (CBR) at 10 percent for the second time, saying it is still effective enough to control the rise in inflation, bring stability to the lending rate, and exchange rate, and drive economic growth.

Uganda's inflation rate for the year ending July has risen to 7.9 percent from 6.8 percent in the year ending June 2022, the country's statistics agency said Friday.