Kenya raises rates as inflation rises by a quarter

The Central Bank of Kenya looked to combat mounting inflation on Wednesday with a twenty five basis point increase to its central bank rate.

Inflation increased from 11% in June to 13.6% last month. In addition, the central bank anticipates further inflationary pressures: "The [Monetary Policy Advisory] Committee expressed concerns that prices were on an upward trend and there was a risk that the trend could continue in light of the continuing pressures on world oil prices."

The Monetary

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: