The Central Bank of Kenya on September 5 slashed its benchmark interest rate by 350 basis points to 13%, citing continued declines in inflation, stable exchange rates and a strong banking sector. But central banks in Australia, Canada, Israel, Thailand and Poland all kept rates on hold.
The Central Bank of Kenya highlighted steadily declining inflation as an important reason behind its decision to cut rates, saying in a statement that inflation fell to 6.1% in August, within the 7.5% maximum tar
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- All central banks may have to consider crypto-currencies – BIS