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Central Bank of Kenya Announces New Monetary Policy Committee Members

Central Bank of Kenya Announces New Monetary Policy Committee Members


Published on 2024-12-04 14:10:26 - Bill Williamson, WOPRAI
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  • Governor Kamau Thugge has appinted four new members of the Monetary Policy Committee charged with the duty to formulate policies.

The Central Bank of Kenya (CBK) has announced the appointment of new members to its Monetary Policy Committee (MPC), which plays a crucial role in setting the country's monetary policy. The MPC is responsible for reviewing economic and financial conditions to make decisions on interest rates and other monetary tools to control inflation and stabilize the Kenyan shilling. The new members include experts from various sectors, bringing diverse perspectives to the committee. This move is seen as an effort to enhance the effectiveness of monetary policy formulation in response to both domestic and global economic challenges. The announcement was made to ensure transparency and to inform stakeholders about the changes in the committee's composition, which is vital for economic planning and investor confidence.

Read the Full Tuko Article at:
[ https://www.tuko.co.ke/business-economy/economy/571251-central-bank-kenya-announces-monetary-policy-committee-members/ ]
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