PRESS RELEASE – MONETARY POLICY COMMITTEE MEETING, 9TH JUNE, 2015

PRESS RELEASE – MONETARY POLICY COMMITTEE MEETING, 9TH JUNE, 2015


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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

Let’s Get Started

Click on a form that is applicable to you:


The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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Learn more

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Agriculture as the mainstay of the economy has our attention as we help farmers acquire machinery
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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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the company is one of the largest player in security based lending

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

having a diversified interest in the financial service sector. Incorporated in 1994, viagra generic and the company is one of the largest player in security based lending

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Industrial equipments financing is an area we focus on to help our clients avoid the financial burden
Learn more

agriculturalequipment

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Agriculture as the mainstay of the economy has our attention as we help farmers acquire machinery
Learn more

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Support Phone

We would like to here from you, give us a call: Tel: +254 20 444 4445, Cell: +254 707 222000, +254 786 222000

Support Mail

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

having a diversified interest in the financial service sector. Incorporated in 1994, best cialis more about
the company is one of the largest player in security based lending

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commercialvehiclefinancing

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Our asset finance solution can help you purchase equipments without the financial burden of outright purchase
Learn more

constructionequipment

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We help finance the acquisition of construction equipment without the financial burden of outright purchase
Learn more

industrialequipment

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Industrial equipments financing is an area we focus on to help our clients avoid the financial burden
Learn more

agriculturalequipment

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Agriculture as the mainstay of the economy has our attention as we help farmers acquire machinery
Learn more

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Industrial equipments financing is an area we focus on to help our clients avoid the financial burden
Learn more

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

Slide background
Slide background
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Slide background
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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

having a diversified interest in the financial service sector. Incorporated in 1994, viagra generic and the company is one of the largest player in security based lending

Read More

commercialvehiclefinancing

Commercial Vehicle Financing

Our asset finance solution can help you purchase equipments without the financial burden of outright purchase
Learn more

constructionequipment

Construction Equipment Financing

We help finance the acquisition of construction equipment without the financial burden of outright purchase
Learn more

industrialequipment

Industrial Equipment Financing

Industrial equipments financing is an area we focus on to help our clients avoid the financial burden
Learn more

agriculturalequipment

Agricultural Equipment Financing

Agriculture as the mainstay of the economy has our attention as we help farmers acquire machinery
Learn more

Quote of the week

Action is the foundational key to all success

PABLO PICASSO - #


Let us be your financial partner


Apply

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Apply online today click here to go to our online application form.

Support Phone

We would like to here from you, give us a call: Tel: +254 20 444 4445, Cell: +254 707 222000, +254 786 222000

Support Mail

Send us an email and we will be sure to get back to you as soon as possible:
Contact Us


Slide background
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Slide background
Slide background

Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

having a diversified interest in the financial service sector. Incorporated in 1994, best cialis more about
the company is one of the largest player in security based lending

Read More

commercialvehiclefinancing

Commercial Vehicle Financing

Our asset finance solution can help you purchase equipments without the financial burden of outright purchase
Learn more

constructionequipment

Construction Equipment Financing

We help finance the acquisition of construction equipment without the financial burden of outright purchase
Learn more

industrialequipment

Industrial Equipment Financing

Industrial equipments financing is an area we focus on to help our clients avoid the financial burden
Learn more

agriculturalequipment

Agricultural Equipment Financing

Agriculture as the mainstay of the economy has our attention as we help farmers acquire machinery
Learn more

Quote of the week

OPRAH WINFREY - #


Let us be your financial partner


Apply

Why wait?
Apply online today click here to go to our online application form.

Support Phone

We would like to here from you, sovaldi sale give us a call: Tel: +254 20 444 4445, Cell: +254 707 222000, +254 786 222000

Support Mail

Send us an email and we will be sure to get back to you as soon as possible:
Contact Us


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Slide background
Slide background

Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

having a diversified interest in the financial service sector. Incorporated in 1994, sildenafil check the company is one of the largest player in security based lending

Read More

commercialvehiclefinancing

Commercial Vehicle Financing

Our asset finance solution can help you purchase equipments without the financial burden of outright purchase
Learn more

constructionequipment

Construction Equipment Financing

We help finance the acquisition of construction equipment without the financial burden of outright purchase
Learn more

industrialequipment

Industrial Equipment Financing

Industrial equipments financing is an area we focus on to help our clients avoid the financial burden
Learn more

agriculturalequipment

Agricultural Equipment Financing

Agriculture as the mainstay of the economy has our attention as we help farmers acquire machinery
Learn more

Quote of the week

The backbone of surprise is fusing speed with secrecy

CARL VON CLAUSEWITZ - #


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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, viagra usa generic to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations,” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

The Central Bank on Tuesday retained the indicative lending rate at 8.5 per cent amidst falling inflation and strengthening of the shilling.
Monetary Policy Committee chairman and bank Governor Njunguna Ndung’u said current forecast indicates that inflation was moving towards its 5 per cent target.
The overall month-on-month inflation declined from 6.60 per cent in September 2014, generic viagra more about
to 6.43 per cent in October primarily as an outcome of declines in the prices of most foodstuff and energy costs.
“The monetary committee decided to retain its policy stance by maintaining the rate at 8.50 per cent in order to continue anchoring inflationary expectations, best viagra ” Mr Ndung’u said.
He said the regulator’s level of usable foreign exchange reserves increased from $6,376.95 million at the beginning of September to $7,116.3 million which is equivalent to 4.64 months of import cover at the end of October.
“The exchange rate remains stable despite short-term pressures arising from external events that has resulted in a flight to safety,” Mr Ndung’u said.

Source |  NATION MEDIA GROUP

Image Source |  NATION MEDIA GROUP

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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industrialequipment

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Learn more

agriculturalequipment

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Learn more

Quote of the week

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Support Phone

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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Synergy Industrial Credit Limited is one of Kenya’s leading financial service provider…

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 MANAGING MARKET EXPECTATIONS TO ENSURE STABILITY

The Monetary Policy Committee (MPC) met on 9th June, cialis sale sildenafil 2015 to review market developments and the outcomes of its previous monetary policy decisions. The Committee noted that the decline in overall inflation in May 2015 was largely a reflection of significant decreases in the prices of a number of food items following the onset of the long rains. However, cialis buy troche overall inflation remained within the upper bound of the Government target range of 2.5 percent on either side of the medium-term target of 5 percent. Specifically the Committee noted the following outcomes in the market since its meeting in May 2015:

The outlook for the global economy remains broadly unchanged since the MPC meeting in May 2015. The global economy is projected to strengthen from 3.5 percent in 2015 to 3.8 percent in 2016 despite the temporary slowdown in the growth of the US economy in the first quarter of 2015. The Eurozone economies have shown notable signs of recovery attributed to improved private consumption and exports mainly driven by lower interest rates and a weaker Euro in response to the European Central Bank’s Quantitative Easing. However, the uncertainty around the bail-out plan for Greece remains the main risk to the Eurozone growth prospects. The growth outlook in the larger emerging markets remains mixed with expected contractions in Brazil and Russia, a slowdown in China and strong performance in India. Growth in Sub-Saharan Africa is expected to remain relatively robust despite risks from the lower commodity prices in some of the oil and commodity producing countries. Global inflation is expected to remain low despite the partial recovery in international oil prices. However, the Kenya Shilling remains vulnerable to the changing global risk perceptions and associated capital flows due to the uncertainty around the timing of the US monetary policy tightening. The geo-political situation in the Middle East is a risk to the stability of international oil prices and the overall price stability objective.

The Committee concluded that the tightening bias stance adopted by the MPC and implemented through the CBK monetary operations had curtailed the rapid depreciation in the exchange rate.

However, the emerging aggregate demand pressures and the persistent volatility in the global foreign exchange markets coupled with the projected recovery in international oil prices have implications on inflationary expectations and the potential of the pass-through of the past exchange rate movements on consumer price inflation. The MPC therefore decided to augment its tightening stance by raising the CBR by 150 basis points from 8.50 percent to 10.00 percent. The MPC will continue to monitor developments in the external and domestic economies and their implications on the risks to the overall price stability.

DR. HARON SIRIMA, OGW

VICE CHAIRMAN, MONETARY POLICY COMMITTEE

9Th June, 2015

Source: Central Bank of Kenya

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