The Ugandan financial market has scope to become larger because the economy is fully liberalized and open to the flow of capital to and from foreign markets, participation of foreign financial intermediaries and now the integration efforts with the East African sister countries.
It must be fully clear that neither the sovereign debt crisis nor the abnormal dependence of some banks on central bank liquidity can divert the ECB from pursuing its primary objective. °°° Secondly, challenges to monetary policy come from the area of financial stability.