Mutebile says African central banks should adopt inflation targets

sub-saharan-africa

Bank of Uganda governor Emmanuel Mutebile insisted it is both "feasible and desirable" that central banks in Sub-Saharan Africa adopt inflation-targeting frameworks, at a conference held in Kampala last week.

The IMF and the Bank of Uganda organised the conference to encourage central banks in the region to transition to more 'modern' monetary policy frameworks.

"We are in essence discussing the shift from a monetary targeting framework and, in a few cases, a fixed exchange rate framework, to an

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