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{
"id": 1283491,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1283491/?format=api",
"text_counter": 206,
"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr) Ojiambo Oundo",
"speaker": null,
"content": "He becomes the Chairman of the Central Bank of Kenya at the most tumultuous moment in the life of this country. The exchange rate is heading to the north at Ksh150 to the dollar. The inflation rate is high and there is a huge credit squeeze in the market because the national Government has decided to compete with the local mwananchi for the limited financial resources in the market. We are faced with a spiraling cost of living. Those are the things that they must consider as they set the monetary policy. They must put in mind that the economy is on its death bed. They need to ensure that things are moving."
}