CBK’s core mandate entails maintaining price stability in the economy and has a set inflation target ranging from 2.5 percent to 7.5 percent.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Uncertainty over the ongoing US-Israel war with Iran placed the Central Bank of Kenya (CBK) policy maneuvers on ice, with the apex bank keeping its benchmark rate unchanged at 8.75 percent for a second consecutive round.
AFRICA FINANCE IN BRIEF: Rate hike calls, infrastructure capital, currency pressures dominate markets - Businessday NG
Turkish central bank keeps rates steady, monitors conflict impact
Turkish central bank to hold another MPC meeting amid Iran war shadow
RBI cuts growth, hikes inflation forecast as West Asia crisis bites
RBI keeps rates steady, takes steps to attract foreign capital
Major central banks around the world, including the US Federal Reserve, have adopted a similar stance, favouring the wait-and-see…
'We don’t see much inflation coming from what has been proposed in the Finance Bill. So yes, we don't see an impact on inflation…
April inflation rose at the quickest pace in seven years to 5.6 percent from 4.4 percent as the global oil price shock hit home.
Analysts at the AIB-AXYs Africa say they expect a soft CBR increase, pushing the rate up from 8.75 to nine percent.
Rising fuel prices linked to the Iran conflict have pushed Kenya’s inflation to a 16-month high.
Behind the CBN’s calm rate pause lies rising fear over inflation, political spending, and economic stability, writes Festus Akanbi
