Kenya MPC expert Reactions
International News
October 5, 2023
The Kenya Monetary Policy Committee (MPC) has decided to maintain the policy rate at 10.5%. The MPC expects core inflation to decrease, supported by improved food supply, but notes that headline inflation stood at 6.8% in September, with elevated fuel inflation at 13.1%. Core inflation remained stable at 3.7% in August and September. The Kenya Bankers Association (KBA) anticipates that economic growth will weaken in Q4-23 due to the cost-of-living crisis.