Kenyan annual inflation decreased to 4.6% in June, potentially prompting interest rate cuts.

Kenyan annual inflation decreased to a near four-year low of 4.6% in June, due to more benign food price increases, according to the Kenya National Bureau of Statistics. This decline in inflation may encourage monetary policymakers to consider cutting interest rates when they meet in August. The inflation rate had been raised to 13% since May 2022 to reach the midpoint of the central bank's target range of 5%.