One of the primary reasons attributed to the difference in the levels of success in Kenya as compared to other neighbouring countries is the existence of only one dominant Mobile Network Operator (MNO) in the country. BIS central bankers’ speeches  3  Philippines hybrid model SmartMoney was launched as a remittance product by an MNO (viz.
Not only was there a risk that the inflation outlook would no longer be in line with our aim of inflation below, but close to, 2% over the medium term, there were also increasing indications that the economy could slip into outright deflation. Compared to that period, the economic situation in the euro area has improved a lot. The recovery has strengthened and broadened.