4  BIS Review 1/2008  But we count on outside observers to do their own analytical heavy lifting as well. In preparing for our interest rate decisions, we look at market prices, external commentary, and other analysis. We rely on observers to provide their own perspective on the outlook.
During the period, the Kenya Shilling exchange rate against the US Dollar depreciated by 5 percent. At the Global Market it is quite volatile with many countries experiencing strong capital outflows. The Nigerian Naira (9%), Uganda Shilling (9%), Tanzania Shilling (4%), Ghanian Cedi (20%) and even the Euro (11%) were hard hit. 7. What is the Central Bank doing to stem volatility?