BOU defends Shilling support measures
BOU deputy governor Prof. Augustus Nuwagaba has cautioned Members of Parliament (MPs) against presenting themselves as experts in monetary policy during their parliament sittings, arguing that political decisions alone cannot resolve the country’s external account challenges. “You cannot fix the current account by voting. If the problem is solved, we shall see where your expertise has gone. So, don’t claim that you are now experts in monetary policy. Let the experts do their thing,” he said.