IMF urges CBK to slash policy meetings to four

IMF Urges CBK to Cut Policy Meetings to Improve Economic Forecasts

The International Monetary Fund (IMF) has advised the Central Bank of Kenya (CBK) to reduce the number of its monetary policy meetings from six to four per year to improve the quality of its economic forecasts and decision-making. According to the IMF, the proposed change would help align the meetings of the Monetary Policy Committee (MPC) with the release of key economic data, particularly quarterly national accounts statistics, which are publi…

IMF urges CBK to slash policy meetings to four

CBK currently holds its policy setting meetings on a bimonthly basis, reaching up to six meetings a year but has the leeway to hold more meetings on a need/emergency basis.