Economists at Standard Chartered expect a 50bps cut to 6.5% by the Central Bank of Kenya (CBK) at the May meeting (100bps prior). The USD/KES pair is trading at 107.50, near to yearly highs. Key quotes “We expect the CBK to cut its central bank rate (CBR) 50bps at its May monetary policy committee (MPC) meeting; previously, we expected more front-loaded easing of 100bps. This follows the CBK’s unscheduled meeting in April, at which it cut the CBR by only 25bps to 7.0%.” “We expect more measured cuts of 50bps at each meeting in May, July, September and November, still leaving our year-end CBR forecast at 5.0%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Analysis: FX Street 2 years Economists at Standard Chartered expect a 50bps cut to 6.5% by the Central Bank of Kenya (CBK) at the May meeting (100bps prior). The USD/KES pair is trading at 107.50, near to yearly highs. Key quotes “We expect the CBK to cut its central bank rate (CBR) 50bps at its May monetary policy committee (MPC) meeting; previously, we expected more front-loaded easing of 100bps. This follows the CBK’s unscheduled meeting in April, at which it cut the CBR by only 25bps to 7.0%.” “We expect more measured cuts of 50bps at each meeting in May, July, September and November, still… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
