As I said recently in Berlin, it is never the case that sound economic policies are good for some in the euro area but not for others, even though they are sometimes portrayed in that way. A great deal of progress has been made, but more needs to come.
Given the importance of payment and settlement systems in the economy, the Central Bank, with the support of Kenya Bankers Association, implemented a Real Time Gross Settlement system two years ago going by the acronym KEPSS (Kenya Electronic Payment Settlement System). The Central Bank is happy with the way that the Banking Sector adapted to its usage especially for inter-bank payments.