Analysts had expected interest rates to start coming down after the US and Iran agreed an interim 60-day ceasefire last month.
By
Charles Mwaniki
Business Reporter
Nation Media Group
The interest rate on the one-year Treasury bill has climbed above nine percent for the first time in five months on fears of higher inflation after the US and Iran renewed hostilities last week.
T-bill rates have been climbing since March after the start of the war between US-Israel and Iran triggered a jump in energy…
Major central banks around the world, including the US Federal Reserve, have adopted a similar stance, favouring the wait-and-see…
Short-term government securities yields continued to rise as investors sought compensation for higher 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.
The rising returns on government papers are prompting investors to start shifting assets from the Nairobi Securities Exchange…
CBK’s core mandate entails maintaining price stability in the economy and has a set inflation target ranging from 2.5 percent to…
