This archive report was first published on 30 September 2019.
On September 30, 2019, Kenya's year-on-year inflation rate fell to 3.83% from 5.0% a month earlier, the statistics office announced.
The benchmark lending rate remained at 9.0% for the seventh consecutive week, with policymakers citing well-anchored inflation expectations.
According to Razia Khan, head of research for Africa at Standard Chartered, the September inflation rate, which is within the government's preferred band of 2.5-7.5%, suggests a continuation of the monetary policy stance.
"This still supports our view that the CBR (central bank rate) is likely to be on hold for an extended period of time," she said.
Patrick Njoroge, the governor of the central bank, hinted that sustained fiscal cuts by the government could lead to an easing cycle.
On a monthly basis, inflation decreased by 0.11% from -0.90% in August, the Kenya National Bureau of Statistics reported.
