Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


CBK holds base rate at 18pc to tame inflation

07 March 2012, 08:23

Nairobi – The Monetary Policy Committee (MPC) has maintained the current Central Bank Rate (CBR) at 18 percent in a bid to ensure reduced inflation and sustain the exchange rate stability.

After a meeting on Tuesday, the committee also observed that the current monetary policy stance supported by appropriate fiscal policy had continued to deliver the desired outcomes on inflation and the exchange rate.

Overall inflation continued to decline, dropping from 18.31 percent in January 2012 to 16.69 percent in February, while the exchange rate of the Kenya shilling to the US dollar remained stable within the narrow range of Sh82.65 to Sh83.93, an outcome of the policy of a floating exchange rate.

For more visit Capital News

Join in the conversation on News24 Kenya’s Facebook page.

Get the latest news by following us on Twitter


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...

Submitted by
William Korir
Mudavadi given permission to join...

Musalia Mudavadi has been ghranted permission by his party to join the CORD Coalition. Read more...

Submitted by
Victor Tinto
EACC officers raid Deputy Governo...

EACC officers raided the home of a Deputy Governor as theft case continues in court. Read more...

Submitted by
Wilson Ochieng
New IEBC bosses to be named Novem...

New IEBC bosses will be named on November 30. Read more...

Submitted by
William Korir
DP Ruto has spoilt my name, activ...

DP William Ruto has spoilt my name, activist complains. Read more...

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...