Low inflation feeding into price and wage setting This brings us to the third possible explanation for why growth might be diverging from inflation: the hypothesis that a persistent period of low inflation is in fact feeding into price and wage setting in a more persistent way.
What fraction of our population are affected by this requirement? First, only 0.68 percent of all bank accounts in Kenya have a balance of more than 1 million, and therefore only they are capable of transacting above that threshold. Secondly, most customers can immediately answer the necessary questions. Nevertheless, innovations by banks can simplify the process further.