You don’t have to be a believer in bubbles to think that a return to sizeable price increases and higher household gearing from still reasonably high current levels would be a risky approach. It would surely be a false basis for confidence.
Before I conclude, I would like to reiterate that the CBK is strengthening the banking sector to ensure greater transparency and stronger governance, and also to promote effective business models and innovation. As you may be aware, the financial sector continues to support the transformation of our economy, and to contribute to economic growth.