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All eyes on CBK’s Monetary Policy Committee

11 January 2012, 13:10

Nairobi - Financial analysts are expressing divergent views on the outcome of the Monetary Policy Committee (MPC) meeting on Wednesday, which is expected to give guidance on the direction that interest rates will take this year.

While some project that during the meeting, which has been billed as an important event in the economic calendar for 2012, the Central Bank of Kenya (CBK)’s monetary arm is likely to hold the indicative base rate constant, others anticipate a further tightening of the policy stance.

“We expect the Central Bank of Kenya to maintain the Central Bank Rate (CBR) at 18 percent having tightened by an unexpectedly large 150bps (basis points) at its last meeting,” reckoned Standard Chartered Bank Head of Regional Research for Africa Razia Khan.

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