The revised forecast envisages keeping the key policy rate at 25% at least until the end of Q1 2024. If required, the NBU stands ready to deploy other tools to avoid the monetary financing of the budget deficit, make hryvnia assets more attractive, increase the resilience of the FX market, and lay the foundations for easing administrative restrictions. Thank you for your attention!
Micro Small and Medium-size Enterprises (MSMEs) were shut out and had to contend with shylocks at highly unfavorable terms. Certainly this did not engender shared prosperity among Kenyans. But the lingering question is whether banks will now roll back to their old ways, or will they strive to build a banking sector that works for and with all Kenyans.