The Central Bank of Kenya (CBK) has enough room to make at least three rate cuts in the first half of 2025, on account of expected low inflation on reducing oil prices and stable food costs, a senior economist at global lender Citi says.
Citi Africa chief economist David Cowan said on Wednesday that while the CBK is unlikely to hit the market with a jumbo rate cut, the next two or three Monetary Policy Committee (MPC) meetings should see cuts of between 0.5 and one percentage point each.
