Two Immediate Monetary-Framework Imperatives for Mr. Mbadi
The credibility of Monetary Policy in Kenya is compromised at present by two factors:
As we anticipated mid-year, inflation is headed below ...
Adjusted IMF Program Demands on Kenya
In the IMF WEO published yesterday, the IMF elaborated its macroeconomic framework for the ongoing IMF program.
The numbers clarify how the ...
Is Monetary Policy Too Tight?
We recommended (“And then, Floods”) that the Central Bank of Kenya policy rate should be lowered by 300 basis points, from 13 ...
And Then, Floods…A critical macroeconomic assessment of IMF Conditionality on Kenya, 2021-present
By April 2021, in the context of long-standing deep growth shortfalls, a heavily overvalued exchange rate, an excessively loose fiscal stance, and ...
