Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

CBK holds base rate at 18pc to tame inflation

07 March 2012, 08:23

Nairobi – The Monetary Policy Committee (MPC) has maintained the current Central Bank Rate (CBR) at 18 percent in a bid to ensure reduced inflation and sustain the exchange rate stability.

After a meeting on Tuesday, the committee also observed that the current monetary policy stance supported by appropriate fiscal policy had continued to deliver the desired outcomes on inflation and the exchange rate.

Overall inflation continued to decline, dropping from 18.31 percent in January 2012 to 16.69 percent in February, while the exchange rate of the Kenya shilling to the US dollar remained stable within the narrow range of Sh82.65 to Sh83.93, an outcome of the policy of a floating exchange rate.

For more visit Capital News

Join in the conversation on News24 Kenya’s Facebook page.

Get the latest news by following us on Twitter

NEXT ON NEWS24 KENYAX
Share Print

Read News24’s Comments Policy

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
KISIKA SAMUEL
Police: Operation Usalama Watch h...

Police spokesperson Zipporah Mboroki has said the ongoing Operation Usalama Watch has immensely reduced criminal activities in Nairobi city. Read more...

Submitted by
KISIKA SAMUEL
Health CS warns Counties against ...

The Health Cabinet Secretary has cautioned county governments against procuring medication, noting that the move will pave way for massive sale of harmful counterfeit drugs.  Read more...

Submitted by
Victor Tinto
Government under increased scruti...

The government is under increased scrutiny over a poor human rights record made even worse thanks to the ongoing terror swoop in the country. Read more...

Submitted by
Victor Tinto
Uhuru opens Kenya to Qatari inves...

President Uhuru Kenyatta has said that Kenya is a great destination for Qatari businesses if they choose to invest in the country. Read more...

Submitted by
MyNewsKenyaEd
Win Juliani’s new album by recycl...

Juliani has come up with a campaign that seeks to create responsible consumers, and has fans winning his new album by bringing trash to collection points across Nairobi.  Read more...

Submitted by
William Korir
Garissa governor loses seat in el...

Garissa governor Nadhif Jama has lost his seat after the Court of Appeal ruled his election full of malpractices.  Read more...