Under the specification implying full pass-through, the comparatively large jump in import prices and strong stimulus to activity results in a sizeable surge in inflation, even though long-term inflation expectations remain anchored and agents are assumed to be fully cognizant of the monetary rule. Conclusion Now let me summarize the lessons from the empirical evidence on exchange rate passthrough.
The virtues of fasting should be upheld throughout your daily life both at work and elsewhere. At the Bank of Uganda, we believe that God plays a role in everything we do in executing the Bank’s mandate “to fostering price stability and a sound financial system”.