The Effect of Central Bank Rate on Uganda's Commercial Banks Lending Rates.
| dc.contributor.author | Kibuuka, Francis Louis | |
| dc.date.accessioned | 2024-07-18T10:35:42Z | |
| dc.date.available | 2024-07-18T10:35:42Z | |
| dc.date.issued | 2023 | |
| dc.description | A Dissertation Submitted to Makerere University Business School (Faculty of Graduate Studies and Research) in Partial Fulfilment of the Requirements for the Award of the Degree of Master of Arts in Economic Policy and Management of Makerere University. (PLAN A). | |
| dc.description.abstract | This study investigated the effect of Central Bank Rate (CBR) on Commercial bank’s lending rates in Uganda. The study thus had a major objective of examining the effect of the central bank rate, on the commercial banks’ lending rates, as a monetary policy stance in Uganda. The specific objectives of the study included establishing the short run and long run effects of central bank rate, Inflation and Exchange rate on commercial banks’ lending rate. Employing the Vector Error Correction Model (VECM), the study used time series data that spanned a period of 127 months ranging from January 2012 to July 2022. The results of the study showed that, in the short run, commercial banks’ lending rate is affected by central bank rate and exchange rate, with all having positive effects. Inflation was found not be significant in the short run thus not affecting the lending rate. In the long run however, only CBR and Inflation had a positive effect on commercial banks’ lending rate while Exchange rate was observed to be insignificant and thus having no effect on the lending rate in the long run. The study recommends that the central bank should deliberately and effectively set the CBR that will influence moderate and affordable commercial banks’ lending rates in order to boost credit accessibility. | |
| dc.identifier.citation | Louis, F . K (2023) The Effect of Central Bank Rate on Uganda's Commercial Banks Lending Rates. Unpublished Masters Dissertation Makerere University Business School. Kampala, Uganda. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.12282/4894 | |
| dc.language.iso | en | |
| dc.title | The Effect of Central Bank Rate on Uganda's Commercial Banks Lending Rates. | |
| dc.type | Thesis |