Vol. CX No. 35 (SPECIAL ISSUE)

GAZETTE NOTICE NO. 3201

THE CENTRAL BANK OF KENYA MONETARY POLICY STATEMENT, DECEMBER, 2007 The Principal objectives of the Central Bank of Kenya (CBK) are: L To formulate and implement monetary policy directed to achieving and maintaining stability in the general level of prices. 2.To foster the liquidity, solvency and proper functioning of a stable market-based financial system. 3.Subject to (1) and (2), the Bank shall support the economic policy of the Government. including its objectives for growth and employment. Without prejudice to the generality of the above, the Bank also seeks 'to: Formulate and implement foreign exchange policy: Hold and manage its foreign exchange reserves: •License and supervise authorized dealers in,the money market: •Promote the smooth operation of payments, clearing and settlement systems: •Act