Banks tend to adjust their lending rates only sluggishly in response to changes in monetary policy rates. 3 The stickiness of bank rates hinges among other things on financial structures and competition within the banking sector as well as on competition from market-based sources, including securitisation.
Emmanuel Tumusiime-Mutebile: Farewell party for the 2010 retired staff Speech by Prof Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, at the farewell party for the 2010 retired staff, Kampala, 17 December 2010.