In kenya In light of this adverse economic outlook, the monetary policy committee (MPC) decided on the following policy actions to prevent the COVID-19 health crisis becoming a severe economic and financial crisis: They have lowered the Central Bank Rate (CBR) from 8.25 percent to 7.25 percent. They have reduced the Cash Reserve Ratio (CRR) from 5.25 percent to 4.25 percent, Releasing KES.35.2 billion as additional liquidity availed to banks to directly support borrowers that are distressed as a result of COVID-19. Discuss the economic impact of this change to its policy stance, as well as developments in the global and domestic economy. [10 Marks]