﻿[ 3] The underlying assumption is that the real interest rate should revert to its neutral rate over time as the effects of shocks fade. The three models estimated using this approach assume different horizons over which the interest rate settles at neutral – three, five and 10 years.
DEMONETISATION—A STEP IN THE FIGHT AGAINST CORRUPTION By Dr. Patrick Njoroge  On September 30, 2019, the withdrawal of the old series Ksh.1,000 notes was successfully concluded. This demonetisation commenced on June 1, 2019, following the launch of Kenya’s new generation notes.