Browsing: US interest rates

CBK Governor Patrick Njoroge has cautioned that hasty policies implemented by advanced economies may hinder the expansion of emerging markets in the face of rising inflation.

Speaking on Bloomberg Television in New York, Njoroge warned that quick choices like the US Fed rate hike could cause things to be harder than anticipated for developing nations like Kenya.

  • Speaking on Bloomberg Television in New York, Njoroge warned that quick choices like the US Fed rate hike could cause things to be harder than anticipated for developing nations
  • According to Njoroge, it may be harder to borrow even as inflation increases due to advanced economies’ practices, such as rate hikes
  • On Wednesday, 21 September 2022, the US Federal Reserve increased its benchmark interest rate by significant three-quarters of a point for the third time in a row, a rapid pace that is increasing the likelihood of an eventual recession

According to Njoroge, …