However, attention should be paid to the possibility that the inflation momentum would be lost through, for example, shrinkage of the output gap or fluctuations in financial markets if risks to economic activity were to materialize, particularly regarding overseas economies, as I explained earlier. III. The Bank's Conduct of Monetary Policy Next, I would like to explain the Bank's conduct of monetary policy.
I would like to begin by thanking the CEO of the Institute of Certified Public Accountants in Uganda for inviting me to be chief guest at this wards dinner and to commend the Institute and the other organisers and sponsors – the Capital Markets Authority, the Uganda Securities Exchange and the New Vision – for this very commendable initiative.