PICTURES BY NORAH BOCHERE/KNA
Governor of the Central Bank of Kenya, Dr. Patrick Njoroge today on Tuesday 23rd January 2018 at the Central Bank of Kenya Offices addresses the media during a press release of the Monetary Policy Committee (MPC) met on January 22, 2018, to review the outcome of its policy decisions and recent economic developments. The meeting was held against a backdrop of sustained macroeconomic stability, increased optimism on the economic growth prospects, an improving business environment, and continued strengthening of the global economy. The MPC noted increased optimism for growth prospects in the economy and that inflation expectations are well anchored within the Government target range. The Committee noted that there was some room for accommodative monetary policy in the near term, as well as the risk of perverse outcomes. It concluded that there was need to further monitor and assess the impact of its policy actions. Therefore the MPC decided to retain the Central Bank Rate (CBR) at 10.0 percent and continues to monitor the impact of the interest rate caps on the effective transmission of monetary policy.
A section of the particicipants take note as they follow proceedings during a press release of the Monetary Policy Committee (MPC) met on January 22, 2018, to review the outcome of its policy decisions and recent economic developments. The meeting was held against a backdrop of sustained macroeconomic stability, increased optimism on the economic growth prospects, an improving business environment, and continued strengthening of the global economy. The MPC noted increased optimism for growth prospects in the economy and that inflation expectations are well anchored within the Government target range. The Committee noted that there was some room for accommodative monetary policy in the near term, as well as the risk of perverse outcomes. It concluded that there was need to further monitor and assess the impact of its policy actions. Therefore the MPC decided to retain the Central Bank Rate (CBR) at 10.0 percent and continues to monitor the impact of the interest rate caps on the effective transmission of monetary policy.
