A cut on bank borrowing costs, gains at the Nairobi Securities Exchange (NSE) and a stronger shilling against the dollar are in the offing in Kenya after the US Federal Reserve started its anticipated rate cuts on Wednesday, triggering a flow of the greenback to emerging countries.
The US central bank cut its base rate by a half percentage point to a range between 4.75 percent and five percent, its first cut since March 2022 when it was forced to start tightening its monetary policy in response to rising inflation.
