Given the uncertainty about the timing of the hearing, and the importance we attach to regular communication with the public about the economy and the Bank’s activities, we decided to keep to the regular timetable for releasing our Semi-Annual Statement on Monetary Policy, which came out in early November. So there is a substantial gap between the Statement and this hearing.
Noteworthy progress includes, the increase in the banked population from 24 percent to 67 percent between 2006 and 2013 as highlighted by the FinAccess Surveys conducted by FSD Kenya between 2006 and 2013. A Geospatial Survey that was conducted in 2013 also estimates that 76.7 percent of the Kenyan population is within a 5km radius of a financial access point.