Conclusions  I want to end this talk by highlighting what I believe are the four key messages. First, agriculture in Uganda risks being severely damaged when oil production comes on stream unless comprehensive measures are taken to modernise the sector, by raising productivity and promoting commercialisation.
Core inflation is expected to stay well below our 2 per cent target this year and it will take close to two years for it to return to the target. Total CPI inflation is expected to move closer to the target in the coming quarters due to temporary factors. •  Let me take a moment to explain this inflation forecast.