Under these conditions, the stance of monetary policy, reiterated recently in the Statement on the mid-term review of monetary and credit policy on October 29, 2002, is provision of adequate liquidity to meet credit growth and support investment demand, consistent with price stability; to continue the soft interest rate stance and greater flexibility in the interest rate structure over the medium term.
*  *  *  The Board Chairperson of the Uganda institute of Banking and Financial Services, Members of the Board of Directors of the institute Members of the Institute present The Graduands Invited Guests in your respective capacities Ladies and Gentlemen First I would like to thank the Board Chairperson, Mrs. Balaka, for inviting me to officiate at this function.