As I noted earlier, transparency and communication play a vital role in modern monetary policy frameworks, so it is very important that the public and especially decision makers in the banking and business communities have a good understanding of what the Central Bank aims to achieve and how this will affect the economy.
Lastly, I would like to congratulate the Uganda Bankers’ Association and its members for all of their efforts to over the course of this year and in particular for their work in developing and promoting a code of ethics and good banking practices to guide all members of the UBA. Thank you for listening to me. BIS central bankers’ speeches  3