Kenya ends easing cycle with rates hold
Central bank adopts wait-and-see approach amid uncertainty over Iran conflict
The Central Bank of Kenya has held rates at 8.75%, following a meeting of its monetary policy committee (MPC) on April 8.
The bank said risks posed by the conflict in the Middle East prompted it to end the easing cycle that began in August 2024.
In a press conference following the decision, governor Kamau Thugge noted that “central banks in the major economies have kept their policy rates unchanged as they assess the impact of the conflict in the Middle East on their inflation and growth outlooks
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