A bit later, I will explain why I do not believe this is the case, and I will explain how the guidance for  -4tightening policy, laid out in the FOMC’s post-meeting statements, was the basis for our decisions. So, let’s think about how the economy evolved and how the criteria for that guidance steered the path of policy.
At the outset, I would like to thank the Kenya Institute of Bankers for inviting me to this forum. I also applaud all those who participated in organising this conference for their commendable efforts. Ladies and Gentlemen: My task this morning is to invite the Minister for Finance to deliver his keynote address to this gathering and also officially open the forum.