Kenya: CBK Ties Next Interest Rate Decision to Inflation Trends

Nairobi — The Central Bank of Kenya (CBK) has indicated that its next decision on whether to raise, maintain or lower the benchmark lending rate will depend on incoming inflation data, particularly movements in food and energy prices.

Speaking after the latest Monetary Policy Committee (MPC) meeting, CBK Governor Kamau Thugge said the bank will closely monitor inflation developments before determining the appropriate monetary policy stance.

“Of course, as I’ve said before, our decisions on…