Particularly since late July, markets have become highly volatile, as seen in a plunge in stock prices, and household and business sentiment has declined due to various events such as political turmoil over the federal debt ceiling, a series of deteriorating economic indicators such as ISM manufacturing and nonmanufacturing indexes and consumer spending, and a downgrading of U.S. Treasuries by Standard and Poor’s from triple A to double A plus.
•  Problems of exogenous shock particularly those arising from bad weather and volatility in oil prices complicates for price stability. •  Financial sector stability in a global setting. This workshop is timely and provides an opportunity for the CBK to re-evaluate its role in the Kenyan economic transformation in the context of the Vision 2030.