As it does, the more moderate growth of domestic costs and prices that we have seen will need to continue, in order for inflation to remain consistent with the monetary policy objective. At present our forecast remains that this will be the case.
One advantage of the informal financial sector, that is, the non-organised non-institutional sector and in SACCOs and some MFIs is that savings are more visibly deployed among other group members and in one’s own self. It is visibly doing a job, and that can be harder to see when returns on savings are low and the investments those savings finance are not immediately visible.