Kenya: Central Bank Retains Key Rate At 10%

30 January 2017

The Central Bank of Kenya on Monday retained its policy rate at 10 per cent with inflation expected to remain within its target and the shilling relatively stable to the US dollar.

The bank's monetary policy committee (MPC) argued that inflation will stay within the preferred range of between 2.5 per cent and 7.5 per cent while the country's current account deficit has narrowed, easing pressure on the shilling.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.