× Digital News Videos Health & Science Lifestyle Opinion Education Cartoons Columnists Moi Cabinets Arts & Culture Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

CBK governor Patrick Njoroge sees five percent inflation next year, beyond

BUSINESS NEWS
By Reuters | November 14th 2017

 

Central Bank of Kenya Governor Patrick Njoroge (PHOTO: File)

Central Bank of Kenya governor said on Tuesday he expects inflation of around 5 percent in 2018 and going forward.

“Looking forward inflation is well anchored. There’s no reason for it to deviate from where it is,” Patrick Njoroge told reporters on the sidelines of a conference in Dubai.

He said it was inevitable that commercial lending rate caps will be removed, but timing of the move was uncertain.

Kenya capped commercial lending rates a year ago at 4 percentage points above the central bank rate, which stands at 10 percent, and also imposed a minimum deposit rate of 70 percent of the central bank rate.

Share this story
To fight drought, involve communities
According to the latest information from the Meteorological Department, rainfall will be poorly distributed in April, May and June, and this will have a serious impact on agriculture
I eagerly await my baby's first steps
Spina Bifida, and though rare in the general population, it is the most common neural tube defect in the world
.
RECOMMENDED NEWS

Feedback