FW Desk News
FreightWatch.News
Wednesday, October 14, 2026
Uganda's central bank raised its benchmark interest rate by the largest margin in 15 years at an emergency meeting to defend the shilling after it fell to a record low. The rate increase marks a departure from recent policy and reflects mounting pressure on the East African nation's currency. Officials cited the need to defend the shilling's value as the primary rationale. Regional analysts are monitoring whether the measure will prove sufficient to halt further depreciation and restore confidence in the currency.
More World Economy coverage
Fuel Surge Pushes Freight Rates to Four-Year Peak as Energy Crisis DeepensChina's Trade Surplus Heads for Second Consecutive Record YearItalian Industry Warns Energy Crisis Threatens 2026 Growth OutlookCentral Banks Brace for Broader Inflation Spillover as Energy Costs PersistCentral Banks Signal Further Rate Increases Ahead as Inflation PersistsEU Eyes Broader China Trade Strategy Beyond Auto Sector CapsAll World Economy news →