Absa Bank projects further CBR cut to 9.0 per cent

Absa Bank Kenya Chief Executive Officer and Managing Director Abdi Mohamed during the launch of Absa - Magical Kenya Open partnership at the Muthaiga Golf Club. [File, Standard]

Absa Bank projects further cuts in the Central Bank Rate (CBR) by the regulator from the current 10.75 per cent to 9.0 per cent.

Postulations on the country's macroeconomics this year provided by Absa Bank Senior Economist Phumelele Mbiyo also show that inflation will settle at 4.5 per cent while the economy will expand by 4.9 per cent.