About Us      ICT Centers      Contacts      Staff      Blog      Webmail      Events & Functions      Survey      Facts or Myths Exchange Rate  


Perspective of the World from Western Kenya
The West Is Rising...
  Home      Programmes      Classified Ads      Downloads      Top Stories      Music Downloads      Photo Gallery     
  |    |    |  
    Search:  
Sponsored Tweets
Get your copy of The Weekly Western Chronicle at only Ksh40  |  Are you a Kenyan living in the USA or UK, listen to West Fm free via your phone. Dial US: 213 493 0195 UK: 020 3519 3770  |  We appreciate sharing of information, we do not condone plagiarism of our work.  |  
Kapchorua Tea Company 200.00  |  Williamson Tea Kenya 396.00   |  Kenya Commercial Bank Ltd. 53.00  |  Safaricom Ltd. 15.20  |  Uchumi Supermarket 0.50  |  Mumias Sugar Company Ltd. 2.00  |   EA Breweries 290.00  |   Cooperative Bank 20.50  |  Kenya Airways 6.60  |   CFC Stanbic 94.0  |  
ON FACEBOOK
MKANYAGANO - 10TH TO 11TH MAR 2012 ONE.

More Podcasts

WEST FM EDITORIAL
Crackdown on illicit liquor should be carried out within the law
Where and how does your County fare in receiving public resources through the semi-autonomous government agencies?
Assault of journalists was a criminal offense that should be condemned
PICK OF THE WEEK
Kenya Airways records Sh 25.7 billion loss
Jehovah Wanyonyi goes missing amid reports that he died at his Soy home
NFD donates equipment worth Ksh 0.8 Million to persons living with disability in Lugari,Likuyani
OPINION & EDITORIAL
NYS saga yet another indication that we are not ready to fight graft
Kenyas war on illicit liquor
Youth radicalization by Al Shabaab should be treated with extra caution
PICK OF THE DAY
Waiguru must step aside over corruption, Wetangula demands
Westgate Mall reopens two year later
Kenya reminded to uphold its commitment to press freedom
SPORTS NEWS
St Anthony, Kaloleni Girls disqualified from national championships
Man United beats Barcelona in pre-season friendly match.
Harambee Stars to battle it out against Mauritius in 2018 world cup qualifiers
LIFESTYLE
When love becomes a crime
A third chance in life for Audrey Safari Chemosit
Men's perspective of a woman's life
WESTERN AND NORTH RIFT FACTS
Bungoma county urged to develop Daraja-Mungu tourist site
The rocks with hope
Why Luhyas should forget 2017 presidency
Program Line Up
Monday 03 August 2015
05:00 - 09:00 Amka na West FM
05:55 - 06:00 WEATHER FORECAST
06:00 - 06:30 AMKA NA B.B.C
06:30 - 06:45 TAHARIRI
06:45 - 07:00 UCHAMBUZI WA MAGAZETI
07:00 - 07:10 NEWS BULLETIN
07:10 - 07:15 HUDUMA NA MAADILI
09:00 - 09:15 B.B.C NEWS BRIEFS
09:15 - 11:00 SWALA NYETI
10:00 - 10:15 NEWS BRIEFS
10:15 - 10:20 BUSINESS NEWS
11:00 - 01:00 KATA JASHO
11:00 - 11:05 B.B.C NEWS BRIEFS
11:30 - 11:35 SPORTS NEWS
Full Program Line Up



Central Bank maintains 18 per cent interest rate in its fifth month

Written by David Indeje
2012-05-03 17:39:00
Read 886 Times
Bookmark and Share

The Monetary Policy meeting on Thursday maintained its current tight monetary policy stance for the fifth month since December, by retaining the Central Bank Rate at 18.0 per cent “…to ensure that inflation continues to decline towards the target and to sustain the current exchange rate stability.”

Further, a statement from Prof Njunguna Ndungu the MPC chair’s statement read, “The Committee therefore decided to retain the Central Bank Rate (CBR) at 18.0 percent. In addition, in order to ease the pressure on interest rates, the CBK will enhance its monetary policy operations to stabilize the daily interbank rate.”

The committee further it cited that the policy stance it had taken supported with some of its policies had continued to deliver the “desired outcomes of a gradual decline in inflation and inflationary expectations, as well as exchange rate stability.”

“Exchange rate stability has been maintained with the average exchange rate fluctuating between a narrow range of Ksh.83.07 and Ksh.83.37 against the US Dollar in April 2012. “

It also noted that apart from the funds disbursed to the country by the International Monetary Fund under the Extended Credit Facility Programme in April of approximately USD111 million to cushion the external shocks, which increased the foreign  exchange reserves to USD4,629 million, money remitted by the Kenyans from the Diaspora justified the “Confidence in the economy”.

“Diaspora remittances that increased from USD89.76 million in January 2012 to USD103.98 million in February 2012 and further to USD106.40 million in April 2012,” read part of the statement.

However, it noted that:"Balance of payments pressures and their potential impact on the exchange rate are major risks. In addition, the continued turbulence in the global financial markets due to the debt crisis in the Euro zone presents a potential risk to the exchange rate and hence to inflation," the bank said in a statement.

"These considerations showed that there is still some lingering pressure on inflation that could give rise to adverse inflationary expectations. These must be addressed to facilitate a return to high economic activity supported by a low inflation regime," it said.

On the other hand, the latest data from the Kenya National Bureau of Statistics (KNBS) indicated that inflation dropped to 13.06 per cent in April, down from 15.6 per cent in March, marking the largest margin of decline in two years.

Switch to Our Mobile Site



Other Related Stories
EABL records 40% increase in net profits
KCB registers high pre-tax profit
West Pokot governor calls on Kenya and Uganda to embrace cross border trade
Kenya to collaborate with World Bank to improve business sector
Africa Domain Name System (DNS) Forum launched
African Development Bank signs line of credit agreement with Equity Bank
Chinese Trade Expo to strengthen enterpreneural sector
'Stop illicit financial flows campaign,' launched
Fair prices for motorbike riders in Kitale courtesy of DANNE shop
KRA launches two initiatives geared towards improving transparency in handling of tax disputes
Airtel Africa announces Yaya Toure as new brand ambassador
Kenyans urged to nurture saving culture by joining SACCOS
Insurance agency drives region infrastructure by billion insured transactions
KRA demands capital gain
Kenya Seed Company criticised for employing
Trans Nzoia ADC workers boycott duty over salary arrears
Mumias sugar management to be sacked for its revival, says Ruto
Toyota to expand vehicle assembling plant in Kenya
Kenya, Japan to deepen trade, infrastructure partnership
Slum dwellers to pay Sh1160 for electricity connection




LATEST NEWS
Game rangers lauded for good work as world marks rangers’ day
Health officers order school closure, cite to lack of basic facilities
Ruto tells pastoralist communities to ditch cattle rustling
BUSINESS NEWS
EABL records 40% increase in net profits
KCB registers high pre-tax profit
West Pokot governor calls on Kenya and Uganda to embrace cross border trade
COUNTY REGIONAL NEWS
Give current leaders time to deliver- Bungoma Women Rep
Dissolve parallel councils to forge unity, elders told
Two senior officers in agriculture department to be suspended for abuse of office in Vihiga County
FUNNY BUT TRUE
Motorbike mechanics get a rare refreshment treat from boda boda operators
Madman burns 9 shops at Maraba market in Tindiret
A driver found committing bestiality with a cow in Saboti
ENVIRONMENT
Kenya launches electronic waste implementing tool kit
Passionate environmentalist reaps big from tree nursery
Climate change information awareness increases in Kenya
MUSIC SPOTLIGHT
Music festivals kick off at St Luke’s Kimilili Boys high school
A Rift Valley based vernacular musician emerges as the highly paid
A class 8 pupil urges parents to nurture talents of their children

WEST DATA - WEATHER
Kapsabet H30° L17°

Nairobi H 26° L13°

Mombasa H34° L25°

Busia H30° L15°

Kitale H25° L11°

Vihiga H30° L17°

Webuye H30° L17°

Kapenguria H27° L13°

Kakamega H30° L17°

Kisumu H30° L17°

Lodwar H33° L26°

Eldoret H25° L11°

Bungoma H30° L17°


West FM Survey


Username:
Password:


More Videos


© Copyright 2014. WestFM. All Rights Reserved.