The Central Bank of Kenya (CBK) was able to keep interest rates on hold today as the shilling has remained stable despite the recent turmoil in EM currency markets. But a large current account deficit that is being funded by short-term inflows of capital means that rate hikes are still likely later this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services