Kenya’s Inflation Drops to 3.6% in September, Interest Rate Decision Awaited

Kenya’s inflation rate decreased to 3.6% in September, down from 4.4% in August, according to the Kenya National Bureau of Statistics. This marks a continued decline in Kenya’s inflation, which remains below the government’s target range of 2.5% to 7.5%.

However, on a monthly basis, inflation in Kenya edged up slightly to 0.2% in September from 0.0% in August. The slight increase comes amid expectations of the central bank’s next interest rate decision, set to be announced on October 8. This follows a 25-basis point interest rate cut in August, implemented after inflation fell below the target’s midpoint.

Economists are closely watching whether the Central Bank of Kenya will adjust its monetary policy further to maintain stability in response to the declining inflation trend.