I therefore commend the Kenyan regional banks for their role in strengthening the financial sectors of the regional countries. BIS central bankers’ speeches  1  Ladies and Gentlemen: The continued regional expansion of Kenyan banks augurs well with the on-going EAC integration process.
Having recovered after the effects of the Lehman Brothers shock, consumer price inflation averaged 1.6% from September 2008 until the end of 2011. Afterwards, against a backdrop of persistent macroeconomic weakness, inflation began a prolonged downward drift, consistently undershooting our staff projections. From the start of 2014, it became increasingly clear that without our comprehensive response, medium-term price stability was at risk.