Going forward, the intense seasonal demand pressure on the Kenya Shilling exchange rate is slowly dissipating though there is evidence of speculation in the foreign exchange market. In response, the Bank will scale-up OMO to tighten liquidity further to stem expectations. The resilient diaspora remittances and recovery of the global economy will support exchange rate stability.
Banks ranging in size from $ million to $ billion have also roughly doubled in number over these past 20 years (figure 3). And the number of banks in the size range from $ million to $ million in assets has declined by only a very modest percentage since 1995 (figure 4).