Central Bank of Kenya cuts rates again
Policy-makers look to offset fiscal tightening and push economy back to potential
The Central Bank of Kenya (CBK) has cut rates for a second consecutive time, as the economy continues to operate below potential.
The monetary policy committee cut the central bank rate 25 basis points to 8.25% today (January 27). Policy-makers noted “well-anchored” inflation expectations, as well as tighter fiscal policy and the need to provide more stimulus to growth.
Inflation was 5.8% in December, up from 5.6% in November but well inside the central bank’s target range of 2.5–7.5%. The MPC
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