I will address these two questions by examining the role of unit labour cost (ULC) developments in shaping inflation dynamics and competitiveness patterns across the euro area countries (see slide 2).
Ongoing reform initiatives by the Government and CBK will serve to further propel the banking sector to new frontiers of financial inclusion for more Kenyans. For this reason, the Central Bank together with Kenya Bankers Association has been keen to move in the directions that market requires support.