A review of the empirical evidence suggests that the level of interest rates does influence house prices, leverage, and maturity transformation, but it is also clear that a tighter monetary policy would have been a very blunt tool: Substantially mitigating the emerging financial vulnerabilities through higher interest rates would have had sizable adverse effects in terms of higher unemployment.
The sole use of English in our communication has, unfortunately, disenfranchised a good  BIS Review 113/2009  1  number of Kenyans who only speak and understand Kiswahili. The critical challenge we face is in developing a communication infrastructure and strategy that will effectively communicate to a wide audience.