Uganda central bank holds key rate, still monitoring impact of jumbo hike
Published . Updated .
Covered by 2 outlets: CNBC Africa, TradingView.
Key takeaways
- KAMPALA, Nov 9 (Reuters) – Uganda’s central bank left its benchmark lending rate unchanged at 12% on Monday, saying it wanted to allow sufficient time for the impact of last month’s jumbo rate hike to be felt before adjusting policy.
- Exposed: AFK, CEW, EMB, EMLC, EEM
- Market reaction: EEM +2.9% on the day; EMLC +0.7% on the day; EMB +0.6% on the day
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KAMPALA, Nov 9 (Reuters) – Uganda’s central bank left its benchmark lending rate unchanged at 12% on Monday, saying it wanted to allow sufficient time for the impact of last month’s jumbo rate hike to be felt before adjusting policy. The Bank of Uganda made the decision despite
Directly affected
- No company is named in this report.
Indirectly affected
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“uganda”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-3.0% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Africa.
- EEM iShares MSCI Emerging Markets ETF-4.8% 16d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Africa
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| AFK | -4.17% | -1.13% | base | — | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | — | after close | after close | after close |
| EMB | -0.23% | +0.42% | base | +0.60% | after close | after close | after close |
| EMLC | -0.30% | +0.30% | base | +0.69% | after close | after close | after close |
| EEM | +3.03% | +3.88% | base | +2.88% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Uganda central bank holds key rate, still monitoring impact of jumbo hike CNBC Africa
Source: CNBC Africa
How far Vaneck Etf Trust (AFK) has moved since 9 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Vaneck Etf Trust (AFK) | three days earlier | -1.13% | final price |
| Vaneck Etf Trust (AFK) | five days earlier | -4.17% | final price |
| Wisdomtree Tr (CEW) | three days earlier | 0.00% | final price |
| Wisdomtree Tr (CEW) | five days earlier | 0.00% | final price |
| Ishares Tr (EEM) | that day | +2.88% | final price |
| Ishares Tr (EEM) | three days earlier | +3.88% | final price |
| Ishares Tr (EEM) | five days earlier | +3.03% | final price |
| Ishares Tr (EMB) | that day | +0.60% | final price |
| Ishares Tr (EMB) | three days earlier | +0.42% | final price |
| Ishares Tr (EMB) | five days earlier | -0.23% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | that day | +0.69% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | +0.30% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | -0.30% | final price |
Who gains and who loses around Vaneck Etf Trust (AFK)
Companies carried with this story
- AFK Vaneck Etf Trust
Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Uganda central bank holds key rate, still monitoring impact of jumbo hike.” Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“uganda”)
- CEW Wisdomtree Tr
In “Uganda central bank holds key rate, still monitoring impact of jumbo hike,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa
- EMB Ishares Tr
Ishares Tr (EMB) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Uganda central bank holds key rate, still monitoring impact of jumbo hike.” Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
In “Uganda central bank holds key rate, still monitoring impact of jumbo hike,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Africa
- EEM Ishares Tr
In “Uganda central bank holds key rate, still monitoring impact of jumbo hike,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Africa
Vaneck Etf Trust (AFK)
“Uganda central bank holds key rate, still monitoring impact of jumbo hike” (9 Nov 2026) reaches Vaneck Etf Trust (AFK) through this story.
What ties Vaneck Etf Trust (AFK) to the headline is this: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“uganda”)
Also listed, Wisdomtree Tr (CEW): WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa
Dates and price levels for Vaneck Etf Trust (AFK)
AFK traded between 25.64 and 25.83 across 1 sessions. The latest close on file is 25.83. EMB traded between 90.23 and 91.35 across 6 sessions. The latest close on file is 91.26.
A simple score for Vaneck Etf Trust (AFK)
47 out of 100
“Uganda central bank holds key rate, still monitoring impact of jumbo hike” scores 47 out of 100. The score uses 2 sources, and 5 linked companies.