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.
For more visit Capital News
Get the latest news by following us on Twitter