Kenya’s new central bank governor called an unscheduled monetary policy meeting, which raised the policy rate, one week after he took office.
The monetary policy committee (MPC) raised its policy rate by 100 basis points, to 10.5%, on June 26. Governor Kamau Thugge said he had called the MPC meeting after May inflation figures showed an unexpected increase.
The MPC usually meets every other month, and had held the rate at 9.5% at its May meeting. This was its fifth hike since May 2022, and the
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Author: Linda Mejia
Last Updated: 1703998681
Views: 2279
Rating: 4.8 / 5 (94 voted)
Reviews: 92% of readers found this page helpful
Name: Linda Mejia
Birthday: 2018-04-24
Address: 0820 Oscar Cove, New Erinport, MI 91327
Phone: +4206162141102164
Job: Environmental Engineer
Hobby: Fishing, Rowing, Snowboarding, Singing, Skateboarding, Gardening, Drone Flying
Introduction: My name is Linda Mejia, I am a enterprising, frank, Colorful, resolute, courageous, dedicated, candid person who loves writing and wants to share my knowledge and understanding with you.