Kenyans optimistic of economy growth

The Central Bank of Kenya’s perceptions survey of July 2015 shows optimism for increased foreign direct investment and recovery of key sectors in the economy, such as an early indication for improvement in tourism and agriculture.

Following a review of market developments and the outcomes of the Monetary Policy Committee’s (MPC) policy decisions, overall inflation in the country decreased in July and remained within the government’s target range of 2.5 per cent, with a decline in month-to-month inflation.

Stabilisation of the foreign exchange market was also an outcome of the policy measures.

This also led MPC to retain the Central Bank rates at 11.5 per cent in order to anchor inflation expectations.