Kenyan c bank plans shift to inflation targeting

The Central Bank of Kenya (CBK) is considering a gradual shift of its monetary policy-setting regime to target inflation. The inflation targeting move represents a radical shift in its current policy-setting regime.

In an internal report recently posted on the bank's website, CBK reveals that the shift towards inflation-targeting has been on the cards since 2000, during former governor Micah Cheserem's tenure. The report forms the first serious attempt by CBK to explain the evolution of moneta