{
Kamau Thugge

People

}
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001122334455554433221100

Kenya Central Bank Cuts Interest Rates to Support Economy Amid Low Inflation

Kenya's central bank has reduced its benchmark interest rate to 11.25% from 12%, exceeding economists' expectations of a 50 basis point cut. This marks the third consecutive reduction, driven by muted inflation, as the bank aims to support the East African economy.
Bloomberg.com
Kenyan Shilling Kenya Commercial Bank KEN Kamau Thugge
Finance & Economy, Market Report
16:37 05.12.2024

Kenya central bank ready to defend shilling amid record gains

Kenyan Central Bank Governor Kamau Thugge affirmed that the shilling is currently at appropriate levels, following its impressive 21% gain against the US dollar this year, making it the top-performing global currency. The bank is ready to utilize record foreign reserves to defend the currency, which now trades at 129 per dollar.
bloomberg.com
United States Dollar Kenyan Shilling Bloomberg KEN Kamau Thugge
Finance & Economy, Market Report
23:22 23.10.2024
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