Bank of Uganda also received an award for the Best Bank Notes Series in 2010 from International Association of Currency Affairs (IACA). The twin awards were received by the Bank of Uganda Deputy Governor in Singapore in September 2011. This came shortly after the Bank of Uganda Governor was recognized as the best African Central Bank Governor by the African Banker Awards 2011.
For example, as the unemployment rate fell toward, and then below, estimates of its natural rate, many expected inflation to move up. When inflation instead moved sideways, a reasonable inference was that the natural rate was lower than previously thought.