In a bid to support monetary policy operations and keep interbank intrest rates within the Central Bank rate Band, Bank of Uganda (BoU) has approved the creation of a Standing Lending Facility/ window at the Central Bank for banks with short term liquidity In a notice dated 7th September, detailing the guidelines for the establishment of the facility, Bank of Uganda says the facility is for purposes of providing liquidity during normal times separate from the Lombard facility/lender of last resort, which is intended for banks in liquidity distress requiring funds for a longer duration of time. According to the…
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