Eyes on the shilling as MPC meets next week

The shilling will remain a focal point for the MPC at the next meeting given its impact on inflation and inflation expectations. FILE PHOTO | NMG

The recent weakening of the shilling is expected to be the main focus of the Monetary Policy Committee (MPC) next week, given that inflation has remained contained within the preferred range in spite of tax rise.

The central bank’s MPC meets Tuesday, also against the backdrop of continued slow growth of private sector credit and a relatively stable macroeconomic environment where growth has improved compared to last year.

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Note: The results are not exact but very close to the actual.