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Browsing: Fed Rates
- The rising fed rates have led to expensive loans as Kenya struggles to curb inflation
- Although global inflation has generally eased, rapid monetary policy tightening in advanced economies has sharply tightened global financial conditions.
- According to the CBK governor, Kenya should brace for a challenging 2024, including tightening global conditions that will cascade to local levels
Kenya is still at risk of bearing the impacts of new global threats like rising fed rates that may emerge in 2024, financial industry sector players have revealed.
In the past year, the country has confronted challenges ranging from the war in Ukraine, the prolonged drought that affected the country, rising federal rates, and high global inflation.
The rising fed rates led to expensive loans as the country struggled to curb inflation, which currently stands at 6.9 per cent.
Financial experts from Standard Chartered project that the rising fed rates will ease from mid …