In terms of frequency, monetary policy tends to follow the business cycle, whereas macroprudential policy is related to the financial cycle. Certainly, these cycles are not independent from one another. But the BIS has calculated that the financial cycle in advanced economies has an average length of about 16 years, whereas business cycles tend to have a duration of 1 to 8 years.
Minister of Finance, Planning and Economic Development The Board of Directors, Tropical Bank Limited The Managing Director and Senior Management of Tropical Bank Limited Invited Guests in your respective capacities Ladies and Gentlemen I wish to first and foremost, welcome and thank His Excellency the President of the Republic of Uganda, President Yoweri Kaguta Museveni for taking time off your busy schedule to come and join us at this auspicious occasion when Tropical Bank Limited is celebrating forty (40) years of successful operations in Uganda and also launching its new corporate identity.