Kenya, Mauritius, Namibia and Uganda all hold rates
Expert says El Niño weather event likely to drive greater rate variability in 2027
The central banks of Kenya, Mauritius, Namibia and Uganda all held their key interest rates this week, in line with market expectations.
Kenya: The Central Bank of Kenya maintained the bank rate at 8.75% on August 11, its third consecutive hold.
The bank described inflation as “broadly stable” in July, at 6.5%, marking a small increase from 6.4% in June but remaining within the bank’s 5% ±2.5 percentage points target range. It added that inflation is expected to remain within the target range in
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