4 stories
Daily Brief ·
CBK inflation forecasts missed in four of six months: September 6.8% against 6.5%
Business Daily compared the Central Bank of Kenya's inflation forecasts with KNBS's prints and found misses in four of the last six months, the largest in April and May. The CBK now projects 6.9% for October and a 7.2% peak in December. A table of the prints and the dates to watch.
Daily Brief ·
Africa's borrowing bill: one-year rates fell up to 4.5 points in a year. Where they head into 2027
Across nine markets in our auction records, the one-year government bill costs less than a year ago in five, more in three and the same in one. Ghana's and Nigeria's bills sit far below their policy rates; South Africa's has risen at every auction since 3 August. Our base case, two alternatives, and the dates that will decide between them.
Daily Brief ·
KES 100,000 over the next year: from KES 3,009 in savings to KES 7,680 locked in a T-bill
Kenya's one-year Treasury bill locks in 9.04% today; a money market fund floats with the market. We ran three paths for rates to October 2027 and worked out what each option would leave a saver with KES 100,000 after tax. Scenarios, not advice.
Daily Brief ·
How to read a CBK Monetary Policy Committee statement
A desk method for reading an MPC statement as a primary document — rate line, diagnostics, and operations — without treating the headline as the whole decision.
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