Interest Rate in Uganda is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Uganda to stand at 5.00 in 12 months time.
Why interest rates are high in Uganda?
The findings confirm that interest rate spreads are relatively high in Uganda for a variety of reasons including: high overhead costs, high interest rates on government bonds, and high levels of bank capitalisation and profits.
What is the current bank rate in Uganda?
The Bank of Uganda Monetary Policy Committee (MPC) meeting of June 2021 has decided to reduce the Central Bank Rate (CBR) by 0.5 percentage point to 6.5 percent according to the Statement read by the Governor Prof. …
Which bank offers the best interest rate for savings in Uganda?
Dfcu bank pays seven per cent per annum on maximum savings. Commercial Bank of Africa Uganda (CBAU) will also pay you seven per cent per annum. Barclays bank seems to have the best deal; it pays up to nine per cent per annum if you open a savings account with them.
What is the current bank rate of interest?
The current Repo Rate as fixed by the RBI is 4.00%.
However, in the latest revision, which was made on 4 October 2019, the repo rate was further decreased by 25 bps and the effective rate as on 4 October 2019 is 5.15% now.
What is the current unemployment rate in Uganda?
Uganda unemployment rate for 2019 was 1.72%, a 0.03% decline from 2018.
Uganda Unemployment Rate 1991-2021.
|Uganda Unemployment Rate – Historical Data|
|Year||Unemployment Rate (%)||Annual Change|
How do Treasury bills work in Uganda?
Treasury bills are risk-free short term financial instruments for investment regularly issued to the public by Government through Bank of Uganda. The Investment Period for Treasury Bills is short term tenors of: 3 months (91days), 6 months (182 days) and 1 year (364 days).
How much does a dollar cost in Uganda?
Handy Conversion Data Table
|Dollars to Ugandan-Shilling||Ugandan-Shilling to Dollars|
|1 USD||3549.8723 UGX||0.0003 USD|
|2 USD||7099.7446 UGX||0.0006 USD|
|5 USD||17749.3614 UGX||0.0014 USD|
|10 USD||35498.7228 UGX||0.0028 USD|
What is CBR Uganda?
Centre for Basic Research (CBR) is a Non-Governmental Organization, (NGO), established in 1987 and a member institute of the Council for the Development of Social Science Research in Africa (CODESRIA). … In this way CBR has also nurtured researchers in Uganda and elsewhere.
Which bank is best in Uganda?
Top 10 Banks in Uganda by Assets
- Stanbic Bank. Stanbic bank is currently the biggest and largest bank operating in Uganda. …
- Dfcu Bank. …
- Bank of Baroda Uganda. …
- Citibank Uganda Ltd. …
- Equity Bank. …
- Housing Finance Bank. …
- Bank of Africa Uganda.
What is the cheapest bank in Uganda?
Finance Trust Bank has one of the lowest minimum balances for savings account at Shs2, 000 while Centenary, dfcu and Bank of Africa set theirs at Shs5, 000. For fixed deposits, Diamond, Ecobank, Equity, Orient and UBAU have their minimum balances at Shs5m.
Which bank is the best for saving account?
Top Banks that have the Best Savings Account for Individuals
- State Bank of India (SBI) Savings Account.
- HDFC Bank Savings Account.
- Kotak Mahindra Bank Savings Account.
- DBS Bank Savings Account.
- RBL Bank Savings Account.
- IndusInd Bank Savings Account.
Which bank interest rate is high?
Fixed Deposit Interest Rates by Different Banks
|ICICI Bank||7 days to 10 years||4% to 7.25%|
|Punjab National Bank||7 days to 10 years||5.70% to 6.85%|
|HDFC Bank||7 days to 10 years||3.5% to 7.40%|
|Axis Bank||7 days to 10 years||3.5% to 7.25%|
Which bank pays the highest interest?
Here are the best online savings account interest rates
- Comenity Direct – APY: 0.55%, min. …
- Vio Bank – APY: 0.53%, min. …
- Ally Bank – APY: 0.50%, min. …
- Citibank – APY: 0.50%, min. …
- Marcus by Goldman Sachs – APY: 0.50%, min. …
- Synchrony Bank – APY: 0.50%, min. …
- Popular Direct – APY: 0.45%, min.
Which bank is best?
Top 10 Banks in India
- HDFC Bank.
- Axis Bank.
- IDFC Bank.
- State Bank of India.
- Bank of Baroda.
- Punjab National Bank.
- ICICI Bank.
- Canara Bank.