Experts predict Kenya’s inflation will drop
06 January 2012, 13:00
Nairobi – The effects of a strengthening shilling in
December and lower food prices could see inflation rates come down this
year, according to banking industry executives.
Last year inflation soared each month almost hitting a rate of 20
percent that was primarily attributed to skyrocketing food and fuel
“If the Central Bank was able to stabilise the exchange rate what we
shall see quickly is inflation coming down. Food prices have started
going down globally. Because the economists take between three and four
months to adjust, by March inflation will be fairly well managed,”
Equity Bank Managing Director James Mwangi said.
For more visit Capital News
Get the latest news by following us on Twitter