Kenya cuts despite inflation's persistence

The Central Bank of Kenya cut its key rate to 8.5% and its cash reserve requirement by a full percentage point on signs of a slowdown on Monday but warned inflation remained a concern.

The benchmark central bank rate was cut by 50 basis points to 8.5%.

The cut to the cash ratio leaves the measure at 5%. The decision was made "considering the prevailing liquidity conditions as we approach the festive period and the subsequent launch of infrastructure bonds [which are due to be issued during the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: