Kenya May Cut Policy Rate as Inflation Slows to Two-Year Low
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Kenya’s central bank may lower its benchmark interest rate for a third consecutive meeting as inflation at a two-year low widens the room for policies to stimulate growth.
The Central Bank of Kenya, led by Governor Njuguna Ndung’u, will probably reduce its benchmark interest rate by 2 percentage points to 11 percent, according to the median estimate of six economists surveyed by Bloomberg News. The central bank is expected to publish its decision tomorrow via e-mail after 3 p.m. in Nairobi, the capital.