I would like to commend the Board and Management of CRB Africa for their enterprising efforts culminating in their being licensed as the pioneering Credit Reference Bureau in Kenya. This is a landmark achievement worthy of congratulations from each one of us. Ladies and Gentlemen: The main objective is to increase access to credit.
In order to facilitate the steering of liquidity, the ECB will also accept fixed term deposits with a 1-week duration from banks holding more liquidity than needed. In addition, on an extraordinary basis and for a temporary period (i.e. until the end of 2009), the list of assets accepted as collateral in our monetary policy operations has been expanded.