AMI 31 May 2022: CBK raises interest rates by 50bp
Africa Markets Podcast
English - May 31, 2022 05:31 - 1 minute - 1.79 MBNews Business Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: AMI 30 May 2022: Egypt’s ratings outlook goes negative – Moody’s
Next Episode: AMI 1 June 2022: Kenya’s inflation edges higher
Kenya: In line with our base case scenario, the MPC opted to increase interest rates by 50bp, raising the benchmark interest rate from 7.0% to 7.5%. The narrative for higher interest rates is similar to that of other economies and can be summarised as: rising global uncertainty on account of the Russia/Ukraine war; higher global interest rates and higher global inflation.
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