- Kenya’s central bank left its benchmark rate unchanged at 8.75%, matching the forecast of three out of five economists in a Bloomberg survey.
- Two economists in the survey expected a 25 basis points hike, reflecting concern over energy-shock inflation from the Iran war.
- Policymakers took a wait-and-see approach to assess the impact of Iran war energy shocks on Kenya’s economy and inflation.
Quotes
“The monetary policy committee left the rate unchanged at 8.75%, Governor Kamau Thugge said in an emailed statement on Wednesday.”