Therefore, to achieve the price stability target of 2 percent, it is necessary that a wide range of economic entities make effective use of the benign economic and financial environment brought about by QQE and make continuous efforts to strengthen the economy’s growth potential.
This role includes the obligation to participate consistently in BOU’s open market operations and to provide the Bank of Uganda’s trading desk with market information and analysis that is relevant to the formulation of monetary policy. I am happy to note that the Primary dealers have played their role effectively.