Indiscipline in the market caused unstable shilling, it is now in check

Standard Chartered released an economic outlook report for Kenya this year and one of the things it said was that the Central Bank will reduce the CBR to 10 per cent by the end of the year. Is that something you see happening?

The policy rate is at 11.5 per cent today. Its reduction depends on the outcome. The monetary policy committee is data driven; and we don’t have a target, but rely on the market forces. I don’t think we are in the business of making predictions, as circumstances of the market. I am actually pleased that there in a growing discussion out there about economic prospects.