Undeniably, the cost of doing business can be curtailed further  2  BIS Review 120/2008  by constituting effective institutions, particularly, the judicial and legal system, the investment, taxation and other regulatory authorities, among others. This institutional development should help maintain and improve Uganda’s competitiveness in regional and international markets.
It is anticipated that global inflation will decline in the near future if world economic growth rebounds and the financial market situation in the developed countries normalizes. On its part, the Bank will continue to minimize the adverse impacts of second round price effects that may arise from the external shocks by pursuing appropriate monetary policy. 3.