Kenya Brings Forward MPC Meeting to Consider Inflation Steps

Kenya’s central bank brought forward its bi-monthly interest-rate meeting as it considers action to curb inflation, acting Governor Haron Sirima said.

The Monetary Policy Committee will meet on June 9, the bank said in a statement on its website on Wednesday. The MPC last met on May 6, when the benchmark rate was left unchanged at 8.5 percent, and usually only meets every two months. The shilling has weakened 7.8 percent against the U.S. dollar so far this year, while inflation last month accelerated to 7.1 percent, close to the top end of the government’s target range.