Kenya Holds Key Rate at 10%


The Central Bank of Kenya left its benchmark interest rate unchanged at 10 percent on November 28th 2016 amid mild inflationary pressures. The central bank last cut borrowing costs by 50bps in September.

The government targets inflation in a range of 2.5 percent to 7.5 percent and since January the inflation has been below target. In October, consumer prices rose 6.5 percent year-on-year.

Policymalers also mentioned stable consumer credit and a strong second quarter growth. The economy advanced 6.2 percent year-on-year in the three months to June, the highest expansion since third quarter of 2013.

Kenya Holds Key Rate at 10%


Joana Taborda | joana.taborda@tradingeconomics.com
11/28/2016 3:20:28 PM