Kenya: Central bank governor concerned about Brexit
Analysts had expected the central bank to keep rates unchanged for several more months, citing uncertainty in the global economy — particularly the threat of the UK leaving the EU and the possibility of another rate rise by the US Federal Reserve.
Patrick Njoroge, the central bank governor, acknowledged in a statement after a regular meeting of the Monetary Policy Committee that “the global economy has weakened in recent months” But he said there was “space for an easing of monetary policy while continuing to anchor inflation expectations”.
Mr Njoroge said that in the short term he was particularly concerned about the UK’s referendum on EU membership because the EU, and especially the UK, was a big market for Kenyan flowers and vegetables.
Read more at the Financial Times
