Hello 

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
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Eugene Odanga
New baby for Eric Omondi

Eric Omondi has a new baby. Read more...

Submitted by
Eugene Odanga
Famous CNN presenter meets Kenyan...

Larry Madowo meets one of the most famous faces in the world. Read more...

Submitted by
Victor Tinto
Top 10 schools in 2014 KCSE revea...

The top 10 schools in the 2014 KCSE exams have been revealed. Read more...

Submitted by
William Korir
NTV, KTN, Citizen TV back on air ...

TV stations that have been off air in recent weeks will resume broadcasting in Nairobi on digital platform Thursday, they have announced. Read more...

Submitted by
Eugene Odanga
Welcome to the Kenya Kite festiva...

The Kenya Kite festival is here. Yes, you heard that right. Read more...

Submitted by
DareelEric
Nyang'ori Boys High School tops V...

Nyang’ori High School has led in Vihiga County in the just released KCSE results after attaining a mean score of 9.9. Read more...