Search Results: Kenya Inflation (442)

The Bank is in the final phase of its five-year strategy, which is built on three key pillars: growth, transformation, and Returns.

Kenya expects its fiscal deficit to narrow to KSh862.5billion, which is 6.2 per cent of the country’s Gross Domestic Product (GDP) in the current fiscal year. 

Business executives expect the economic conditions to improve across all industries compared to six months ago, rising from an average of 47 index points to 66 points for the economy and 69 index points for the respective sectors.

Employment in the sector posted its first rise in three months, with the number of workers rising in the agriculture, construction, and services sectors.

The bonds are currently trading in the secondary market at yields of 11.7%, 13.5% and 13.9% for FXD1/2022/03, FXD2/2019/10 and FXD1/2021/20, respectively. 

Kenya raised the lending rate by 50 basis points to 7.5 percent at their last meeting in May, the first increase since July 2015.