Monday, February 9, 2026 at 10:50 AM
Uganda’s central bank maintained its key lending rate at 9.75%, citing a slight increase in inflation and the need to support economic activity while targeting core inflation of 5%.
Kenya’s central bank cut its key lending rate as East Africa’s largest economy continued a policy-loosening cycle to boost private-sector lending and economic growth.
Different outlooks for inflation are likely to send the banks in different directions this year.
The central bank lowered its key interest rate for a sixth consecutive meeting, but continued to restrain a slowing economy as the country’s costly war on Ukraine approaches its fourth anniversary.
The Reserve Bank of Australia has delivered its first interest-rate increase since late 2023.
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