Record low inflation raises stake for deeper CBK interest rate cut

The Central Bank of Kenya, Nairobi.

Photo credit: File | Nation Media Group

The Central Bank of Kenya (CBK) is expected to make a bigger cut of the benchmark lending rate after inflation dropped to its lowest level in 12 years.

Treasury officials, analysts and bankers bet that the CBK will lower the central bank rate by a margin bigger than the 25 basis points in August to 12.75 percent.

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