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Finance Markets
What you need to know about central banks raising benchmark lending rate
June 16, 2022
Lawrence Baraza
1

What you need to know about central banks raising benchmark lending rates

Central Banks in both developed and emerging economies are raising their benchmark lending rates amidst the high cost of living due to soaring inflation rates. The lending rates have a considerable impact on the economy for consumers and businesses from both spectrums. The recent country to revise

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Benchmark Lending RateCentral Bank of KenyaInflation Rate
Economy
High food prices pushes Kenya’s inflation to 7.1%
May 31, 2022
Lawrence Baraza
0

High food prices push Kenya’s inflation to 7.1% in May

Inflation in Kenya for the month of May jumped to 7.1 percent from 6.4 percent in April pointing out the high cost of living among Kenyans. In a report by the Kenya National Bureau of Statistics (KNBS), the 7.1 percent inflation was due to the high

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Food Price In KenyaInflation Rate
Commodities Markets
Higher shipping cost to push up inflation through 2022, says IMF
April 1, 2022
Lawrence Baraza
0

Kenya’s inflation in March up 5.6% from 5.1% in February on Russia, Ukraine war

Inflation in Kenya for the month of March soared to 5.6 percent down from 5.1 percent in February to indicate a high cost of living. This was backed by a rise in the price of food, housing, water, fuel, gas, electricity and transportation cost. According to the

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Inflation Rate
Economy Markets
CBK okays Egyptian bank Banque Misr S.A.E. to set up branch in Kenya
March 29, 2022
Brigit Pamela
5

Explainer; What a weak and strong shilling means for Kenyan economy

The Kenyan Shilling has retained its vulnerability against the United States Dollar at a low of 114.8 units, signaling a crisis in commodity prices. On Tuesday, the shilling slumped further against the dollar to trade at Ksh.114.82, down from Ksh.114.7 on Monday. This has been fueled by

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Central Bank of KenyaInflation RateKenyan Shilling
Agriculture Economy
Looming higher inflation as maize flour price jumps 12%
February 14, 2022
Marion Wavinya
1

Looming higher inflation as maize flour price jumps 12%

Kenya risks higher inflation of flour prices following the significant increase in maize prices, a move that is threatening the country’s economy, putting millions of households in a  dire state amidst the COVID-19 pandemic. The cost of a two kilograms packet of maize flour is now

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Inflation RateMaize Four Prices
Economy
November inflation down 5.8% from 6.45% in October
November 30, 2021
Lawrence Baraza
0

November inflation down 5.8% from 6.45% in October

The cost of living in November eased significantly to a seven-month low when the inflation rate dropped to 5.80 percent against the October rate which stood at 6.6.45 percent. This signals a low cost of living in the country due to the recently witnessed state mitigation

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Inflation RateNovember Inflation
Economy Markets
October inflation down 6.45% on fuel cost cut
October 29, 2021
Lawrence Baraza
0

October inflation down 6.45% on fuel cost cut

The cost of living for the month of October eased slightly when inflation rate dropped to 6.45 percent against September rate at 6.91 percent. This is anchored on recent intervention by the government to lower the cost of fuel. According to the Kenya National Bureau of Statistics (KNBS), the transport index

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Inflation Rate
Economy
November inflation down 5.8% from 6.45% in October
August 31, 2021
Lawrence Baraza
0

August inflation rates rises to 6.57% from 6.55% in July

The Inflation rate for August 2021 went up to 6.57 percent compared to 6.55 percent recorded in July, 2021, according to the Kenya National Bureau of Statistics (KNBS). The Inflation rate for August 2021 went up to 6.57 percent compared to 6.55 percent recorded in July, 2021,

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