The Central Bank of Kenya's Monetary Policy Committee held the Central Bank Rate steady at its latest sitting, citing a balance between inflationary pressures and the need to support continued economic growth.
The decision follows several months of relatively stable inflation figures, though committee members noted continued vigilance is needed given global commodity price volatility.
Market Reaction
The shilling held broadly steady against major currencies following the announcement, while yields on government securities showed little immediate movement.
- Central Bank Rate held at current level
- Inflation within the target band for several consecutive months
- Committee flags continued monitoring of import cost pressures
