{"id":22165,"date":"2011-06-23T13:36:00","date_gmt":"2011-06-23T17:36:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=beaf50e1315e6aee740c300049da4956"},"modified":"2011-06-23T13:36:00","modified_gmt":"2011-06-23T17:36:00","slug":"uganda-central-bank-to-start-inflation-targeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/23\/uganda-central-bank-to-start-inflation-targeting\/","title":{"rendered":"Uganda Central Bank to Start Inflation Targeting"},"content":{"rendered":"<p>The\u00a0<span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; \"><a href=\"http:\/\/www.bou.or.ug\/\"  style=\"text-decoration: none; color: rgb(55, 120, 205); \">Bank of Uganda<\/a><\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; \">\u00a0announced that it would commence inflation targeting in the fiscal year through June 2012, with an annual <a href=\"http:\/\/www.centralbanknews.info\/p\/inflation-targets.html\">inflation target<\/a> of 7% during the first 3 years. \u00a0The Bank also said it would begin using the 7-day repo rate to influence inflation, rather than adjusting money supply. \u00a0The Bank commented:\u00a0&#8220;We are making a shift from using quantities to inflation targeting,&#8221;.<\/span><\/p>\n<div> <font class=\"Apple-style-span\" face=\"Verdana, Geneva, sans-serif\"><span class=\"Apple-style-span\" style=\"font-size: 12px; line-height: 16px; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px;\"><br \/> <\/span><\/font><\/div>\n<div><font class=\"Apple-style-span\" face=\"Verdana, Geneva, sans-serif\"><span class=\"Apple-style-span\" style=\"font-size: 12px; line-height: 16px; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px;\">The new initiative will commence in full in July this year, with the bank commencing repurchase operations and announcing interest rates. \u00a0On the 22nd of June the Bank&#39;s rediscount rate was 15.03%, and the bank rate was 16.03% according to the Bank&#39;s website. \u00a0Uganda reported annual headline inflation of 16% in May this year, up from 14.1% in April, while core inflation was 11.3% in May and 9.7% in April.<br \/> <\/span><\/font><\/p>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; \"><a href=\"http:\/\/www.centralbanknews.info\">www.CentralBankNews.info<\/a><\/span><\/div>\n<\/p><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-8065410965451393199?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Bank of Uganda\u00a0announced that it would commence inflation targeting in the fiscal year through June 2012, with an annual inflation target of 7% during the first 3 years. \u00a0The Bank also said it would begin using the 7-day repo rate to influence i&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22165","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22165"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22165\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}