Inflation may tick up immediately, albeit temporarily. At the same time, the lower dollar can boost export sales, and this impact on demand may work its way through ultimately to the inflation rate. The same analysis holds for movements in global commodity prices—they affect inflation directly right away, albeit temporarily, but can also have a more gradual impact via adjustments in the economy.
*  *  *  Mr. Peter Kanyago, Chairman, Ecobank Kenya; Mr. Anthony Okpanachi, Managing Director of Ecobank Kenya; Board Members; Management and staff; Distinguished Guests; Ladies and Gentlemen: I am delighted to have been invited to the launch of the new Rapid Transfer Product by Ecobank.