This helps them to more accurately gauge the monetary policy outlook as new information comes to light, whether good or bad news. Second, our published projections typically assume that we will move interest rates on a smoothed path.
A recent study [by Financial Sector Deepening Trust Kenya (FSD Kenya) and the World Bank in collaboration with the Central Bank of Kenya (CBK)] has established that the share of lending to SMEs by Kenyan banks has grown over the last few years, from 19.5 percent of the total loan portfolio in 2009, to 23.4 percent of the total loan portfolio in December 2013.