Kenya's financial markets outlook
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Nairobi, Feb. 3 -- The Central Bank of Kenya's Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 8.75 percent following its meeting on Monday.
The MPC meeting took place against the background of a weak global growth outlook, the decline in global commodity prices, easing inflationary pressures, geopolitical tensions, and persistent uncertainties, and measures taken by authorities to address these developments.
During the meeting of the European Central Bank (ECB) Governing Council in December 2022, it was noted that financial markets had shifted from inflation concerns to expectations that central banks worldwide would slow down, halt and ultimately reverse interest rate hikes.
These developments had occurred i...
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