During the month, the CBK’s usable foreign reserves declined by 0.76% to stand at USD 7.61 billion (4.67 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 1.12% to stand at USD 7.66 billion(4.71 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 2.53% to stand at USD 7.75 billion(4.76 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 2.09% to stand at USD 7.95 billion (4.88 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 5.87% to stand at USD 8.12 billion (4.93 months of import cover). However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.
During the month, the CBK’s usable foreign reserves declined by 3.75% to stand at USD 8.63 billion(5.23 months of import cover).However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover…
During the month of July, the CBK’s usable foreign reserves surged to an 11-month high. This
could be attributed to increased inflows from borrowed cash from international financiers and
high export earnings…
The Monetary Policy Committee (MPC) met on June 25, 2020 and for the second time retained the base lending rate at seven percent. Citing the impact of the continuing global COVID-19 (coronavirus) pandemic,
and measures taken by…
MONTH’S HIGHLIGHTS. The Monetary Policy Committee (MPC) met on May 27, 2020, against a backdrop of the continuing global COVID-19 (coronavirus) pandemic, and measures taken by authorities around the world…
MONTH’S HIGHLIGHTS. The Monetary Policy Committee (MPC) held a meeting on April 29 to assess the economic impact and the outcomes of policy measures deployed in March to mitigate the…