This initiative is informed by the need to leapfrog access to financial services to Kenya’s bankable who remain totally outside the orbit of these services at affordable cost. Ladies and Gentlemen: Another remarkable initiative in the pipeline is in the area of credit information sharing (CIS) for Microfinance Institutions. As you are aware, the CIS mechanism is already in place for commercial banks.
While the outlook for inflation remains unchanged, the policy priority in the first quarter review is to hold headline inflation within 5 per cent in 2007-08 and within 4.0 - 4.5 per cent over the medium term. While money supply and aggregate deposits are currently high, moderating the growth of these key aggregates has assumed policy priority.