CBK should keep an eye on credit crunch

The Central Bank of Kenya, Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

The Central Bank of Kenya's Monetary Policy Committee (MPC) meets on Wednesday amid rising pressure on investment spending and real money supply growth due to high-interest rates.

In June, it raised the central bank rate (CBR) from 9.5 percent to 10.5 percent— the highest point in nearly seven years. The decision may have saved the economy from an inflation crisis.

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