•  In other developments, following the recommendation of a COMESA Team of Experts, the Central Bank has been picked to host the COMESA Monetary Institute (CMI) that will be based at the Kenya School of Monetary Studies. The institute will generate the required knowledge for monetary policy in the COMESA region.
In February this year, the Bank introduced “the price stability goal in the medium to long term” and announced that it would pursue powerful monetary easing until the price stability goal was in sight.