Analysts expect the Central Bank of Kenya to slash base interest rates by as much as three percentage points by end of the year to reboot the softening economy on the background of relatively stable inflation and foreign exchange market.
CBK’s top-decision making organ, the Monetary Policy committee, will hold the first meeting of this year Wednesday next week on the back of a bigger-than-expected 75 basis-point cut in benchmark lending rate to 11.25 percent during the last meeting early last December.
