With the end of the military action in Iraq, important downside risks to the economic recovery have diminished, and our focus is now again on the other forces that have been shaping the economic outlook. The Governing Council will carefully monitor future developments and assess whether conditions for price stability continue to develop favourably. Let me explain our assessment in detail.
Kenya now boasts of 12 investment banks, 19 investment advisors and 7 stockbrokers. Investment bankers and brokerage firms play a critical role in contributing to the efficient functioning of securities and equities markets in the economy. With the deluge of information available to market participants today, the value of investment analysts’ opinions – both to investors and issuers – is greater than ever before.