BoU to create Standing Lending Facility for banks with short term liquidity
Bank of Uganda. The Bank has increased the Cash Reserve Requirement by 2 percentage points to 10 percent, effective 23rd June 2022. Courtesy
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 pur
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