Kenya’s inflation rate has fallen to the lowest level in over three years, and the shilling has remained relatively stable, setting the stage for a possible reduction of the Central Bank Rate (CBR) during the upcoming review on Tuesday.
The Central Bank of Kenya (CBK) has raised the policy rate seven times since May 2022, hitting 13 percent in February, in efforts to tame skyrocketing inflation and rein in the shilling’s depreciation amidst a series of global economic shocks.
