Closing remarks Ladies and gentlemen, we are living at the beginning of the twenty-first century in a world which has been very profoundly transformed during the last fifty to sixty years since the Bretton Woods institutions were set up.
Despite the significant pressures on food prices, inflation was 6.7 percent in November 2016 compared with 7.3 percent in November 2015, and 6.5 percent in October 2016. Non-food non-fuel inflation remains relatively stable. The CBK remains cognisant of the adverse effects of food and oil price shocks on inflation. Kenya’s external position remains resilient despite the weaker global growth prospects.