After the weakening of the global economy following uncertainties in the Global Financial Markets that were as a result of increase in interest rates, slow economic growth in China and the after math of the Referendum of United Kingdom Union, Kenyans economy is still stable and her relationship with her trading partners is strong. This is according to statistics from the monetary policy that were presented earlier today by the governor of the central bank, Patrick Njoroge.
This comes in the backdrop of a struggling banking sector that has been recording poor results that led to some banks being put under receivership. This is after the banking sector recorded dismal performance that prompted the central bank to put some banks like chase bank under receivership.
Economists now say the banking sector has begun to stabilize and has seen inflation rates drop from 6.5% in 2015 to 5.3% as per April this year.
With just a month before the official budget for financial year 2017/2018 is read, such indications record optimism and hope for the future of tax payers.