And you could all benefit from that, even though there are currently no signs of constraints on lending to enterprises in Germany. Quite the opposite: credit standards for corporate loans were actually loosened slightly in the first quarter of 2013. However, bank balance sheets don’t just reflect government finances but also developments in the real economy.
*  *  *  I am honoured and privileged for the opportunity to share the Central Bank’s thoughts on the Kenyan money market specifically and other key developments in the financial sector generally.