Central Bank of Kenya cuts rates again

Policy-makers look to offset fiscal tightening and push economy back to potential

Patrick Njoroge
CBK governor Patrick Njoroge
www.junosnowdon.co.uk

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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 individual account

.