Confusion rather than greater clarity may be the outcome of implementing such an approach. For this reason, I suggest that a central bank should be as transparent as possible, but no more so than is realistically useful for enhancing the clarity and understanding of the future monetary policy stance.
Allow me at the onset to appreciate the presence of the MasterCard Representative Assistant Vice President: Commerce Development, Mr. Charlton Goredema. I also wish to salute the Board, Management and Staff of Southern Credit Banking Corporation for successfully serving Kenyans in the last twenty seven years.