IMF urges CBK to cut MPC Meetings to four annually
According to the IMF, the current structure, which requires six MPC meetings each year and a full forecast round for every meeting, places significant pressure on the central bank's forecasting team and can limit the depth of analysis supporting monetary policy decisions...
✨ Key Highlights
The International Monetary Fund (IMF) has advised the Central Bank of Kenya (CBK) to reduce the frequency of its Monetary Policy Committee (MPC) meetings from six to four annually.
- The IMF suggests this change to enhance the quality of economic forecasts and better align policy decisions with key economic data releases.
- This adjustment aims to alleviate pressure on the CBK's forecasting team, which currently faces compressed timelines due to the mismatch between MPC meeting schedules and the release of quarterly national accounts data.
- The fund also proposed an interim step of four meetings initially, followed by an eventual increase to eight interim meetings annually focused on updated data and near-term projections.
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Parliament Approves New Agency to Combat Cybercrime - June 2026
Kenya's National Assembly has approved the establishment of a new agency to combat escalating cybercrime and protect the nation's digital infrastructure. In a separate development, Kenyans will soon be able to download and print their birth certificates online following the government's initiative to digitise civil registration services. The IMF has also advised the Central Bank of Kenya to reduce the frequency of its Monetary Policy Committee meetings from six to four annually.
