Kenya Set for First Successive Rate Cut in Four Years
Kenya’s central bank is set to cut interest rates at a second straight meeting for the first time since the Covid-19 pandemic spurred an easing cycle four years ago.
Most economists in a Bloomberg survey expect the monetary policy committee to lower its benchmark gauge by 25 to 75 basis points, with one person expecting no change. The MPC surprisedBloomberg Terminal financial markets at its last meeting in August, when it reduced the rate by a quarter point to 12.75%.