Inflation rises to 5.61pc
Food prices offset gains from low energy bills edging up inflation to 5.61pc Inflation bucked a five month decline in February, inching up marginally on rising prices of key food items which offset benefits from lower energy bills. Data from the Central Bank of Kenya (CBK) shows that the cost…
CBK Lowers Key Lending Rate to 9.5%
The Central Bank has lowered its base lending rate to 9.5% from 11% with statistics showing dwindling inflation rates currently at 3.20%
Kenya Projects GDP Growth at 5.2% in 2012
The Central Bank of Kenya (CBK) has projected that Kenya’s real Gross Domestic Product (GDP) will expand by 5.2% with Monetary Policy focusing on achieving and maintaining low inflation. CBK reports that the Kenyan economy performed modestly in 2011 and realized growth in gross domestic product (GDP) of…
Kenya Records Lowest Inflation Rate in 30 Months
Lowest recorded inflation rate over a spun of 30 months
Minutes to The Release of November’s Inflation Rate, What to Expect
Kenya National Bureau of Statistics (KNBS) is expected to release November’s rate of inflation any time today, Friday, November 30, 2012 with analysts predicting a drop of between 3.0 percent to 4.25 percent. As posted in the Star, all but one of the 11 analysts…
How Global Events That Affect Your Spending Are Doing
79 percent of the respondents in a recent study want to save regularly because of the impact of global events." What are these global events and should we be worried?
Githae Calls on Banks to Lower Rates Faster
Banks still have their base lending rates at between 18.5% and 22.5% despite the Central Bank lowering the base lending rate (CBR) to 11% beginning of November.
Citibank Cuts Base Lending Rate to 15%
Citibank has lowered its base lending rate to 15% down from 19%, a week after Central Bank lowered the CBR by 200 basis points to 11%. Inflation drop (4.14%) and a stable currency advised CBKs decision.
Could Shares Have Made you Money This Year?
With 50,000 shillings, just how much would have made from the stock market from late last year? We play out this scenario using a selection of shares.
Friday Round-Up
The Verdict is out, the sliding shilling means that our lives will become a whole lot more difficult. It won’t be about tightening belts but making another hole in the belt to accommodate this round of high prices. The Daily Nation states that the low shilling means increased commodity prices-…
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