I want to pay special tribute to fellow Governors and Deputy Governors from the region, and especially my colleagues from the EAC, who have been with us over the last two days, and over the last 50 years. These celebrations accord us an excellent occasion to reflect on the achievements of the Central Bank, the challenges and opportunities that lie ahead.
The correct measure of the efficacy of unconventional monetary policy measures has been the subject of some debate in recent times. In particular, the durability of the imprint that such unconventional policies have left on financial conditions has been called into question.