To that end, the Board has for a number of years regulated card payment systems by setting standards in relation to such matters as interchange fees, surcharging and access. As you know, the Board is currently undertaking a comprehensive review of those aspects of card payments regulation. I’ll be happy to answer any questions you might have today about how that review is proceeding.
Therefore I want to state clearly that the Bank of Uganda fully endorses the Government’s fiscal stance and absolutely has no problem with fiscal management. Central bank rate As you all know the Central Bank raised its Central Bank Rate (CBR) in September 2013 to 12% to avert the second effects of food prices but also to counter any rise in inflation expectations.