The Central Bank Rate is a better tool to implement Bank of Uganda policy

The Razors Patrick Kagenda talked to Standard Chartered Bank's head of asset and liability manage­ment, Charles Ka­tongole about how the new Central Bank Rate (CBR) will affect the money market

What impact will the Central Bank Rate (CBR) have on the money mar­ket?

The new system in its per­fect form will affect lend­ing rates. The view is that the Central Bank will indi­cate the desired direction of money supply via the reference rate, for it to get transmitted into the gen­eral

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