Central Bank warns Middle East conflict could reignite inflation

The banking regulator has warned that rising tensions in the Middle East could push inflation up again and make it harder to maintain stable prices ahead of the next interest rate decision.

The Central Bank of Kenya (CBK), in its weekly bulletin for the period that ended on March 5, pointed to soaring international oil prices and heightened geopolitical tensions as key risks to the domestic economy, just weeks before its Monetary Policy Committee (MPC) meet which is due in April.

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var diffToEnd = saleEnd – now;
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var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

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const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
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The banking regulator has warned that rising tensions in the Middle East could push inflation up again and make it harder to maintain stable prices ahead of the next interest rate decision.

Follow The Standard
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