Uganda shilling gains on central bank's biggest rate hike since 2011

Bloomberg · 5 hours ago
Uganda shilling gains on central bank's biggest rate hike since 2011
  • Uganda's central bank delivered its biggest interest-rate increase since 2011.
  • The shilling extended gains for a second day on Thursday, October 15, 2026.
  • The shilling traded at 4,043 per dollar, strengthening 0.8% against the US dollar.
  • The currency was the best performing African currency on the day among the 23 tracked by Bloomberg.
  • The central bank was suspected of selling dollars to support the currency.