Monetary policy: Kenya’s sole bright spot this year

Food has been one of the main inflation drivers this year. FILE PHOTO | NMG

This has been a difficult year for the Kenyan economy. A combination of the drought, effects of the interest rate cap on the economy and the extensive electioneering period all slowed down economic growth and performance.

However, there has been a bright spot; monetary policy: It has played a crucial role in being a stabilising anchor for the country.

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