Once the central bank has established what it is trying to achieve with monetary policy and how world events are shaping the direction of the Australian economy, then it is in a position to evaluate the multitude of statistics about the economy that each day brings forth.
As you are aware, the Finance Act, 2009 that became operational at the beginning of this month has amended the Banking Act to enable use of third party agents by banks. Banks will therefore be able to leverage on additional cost effective distribution channels to offer financial services. This initiative is informed by the need to leapfrog access to financial services in Kenya.