dc.contributor.author | Nabuuma, Afusa | |
dc.date.accessioned | 2024-04-24T15:37:24Z | |
dc.date.available | 2024-04-24T15:37:24Z | |
dc.date.issued | 2015-05-01 | |
dc.identifier.uri | http://dissertations.umu.ac.ug/xmlui/handle/123456789/705 | |
dc.description | Mubiinzi Geoffrey | en_US |
dc.description.abstract | The topic of this study is the role of Uganda’s monetary policy in controlling inflation with
the case study of Bank of Uganda. The main objective of this study was to examine the role
of Uganda’s monetary policy in controlling inflation and it tested the hypotheses that Bank
rate, rediscount rate and the 91-day Treasury bill rate do not play a significant role in
controlling inflation. Monthly secondary data from January 2011 to December 2014 that was
collected from Bank of Uganda and Uganda Bureau of Statistics was used to analyze the role
that Uganda’s monetary policy plays in controlling inflation. This study focused on bank rate,
91-day Treasury bill rate and rediscount rate as the tools of Uganda’s monetary policy. The
study was carried out by adopting an empirical linear model with inflation as the dependent
variable. Diagnostic tests such as test for normality, test for stationarity, test for
multicollinearity and test for serial correlation were carried on the study variables. The
findings of the study showed that the rediscount rate had a positive relationship with inflation
while the bank rate and 91-day Treasury bill rate had a negative relationship with inflation.
The study concluded that rediscount rate does not affect the level of interest rates therefore
Bank of Uganda should increase the bank and the 91-day Treasury bill rates to control
inflation in Uganda when the problem arises. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Uganda Martyrs University | en_US |
dc.subject | Uganda’s monetary policy | en_US |
dc.subject | Controlling inflation | en_US |
dc.title | The role of Uganda’s monetary policy in controlling inflation | en_US |
dc.title.alternative | A Case Study of Bank of Uganda | en_US |
dc.type | Research Report | en_US |