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Impact of Kenya?s Monetary Policy on Poverty Rate
Subject area: Management and Commerce · Area of research: Economics
Abstract
African policy makers are beginning to consider monetary policy as a tool that can help reduce poverty by protecting purchasing power of households, broadening access to credit and enhancing financial deepening. A case that is keen to analyze is that of Kenya in its inflation-targeting model which centers on the Central Bank Rate (CBR). This paper takes stock of the policy venue upon which the control of inflation can be pegged, the policy-rate dispensation process of policy transmission of welfare experience and the bearings of the empirical foundations on poverty reduction.
References
[1] Monetary Policy Committee report of CBK. Go.Ke. ninety six bi annual report, https://www.centralbank.go.ke/uploads/monetary_policy_reports/1592143410_96th%20Monetary%20Policy%20Committee%20Report,%20August%2024.pdf [Crossref]
[2] G Obonyo (2014). It is on the theme of financing, deepening and mobilisation of savings and cut-down in poverty in Kenya (KIPPRA Discussion Paper No.168). Kenya Institute of Public Policy ResearchandAnalysis.https://repository.kippra.or.ke/bit streams /46f06c12-1940- 4365-8e10- 30f39dab78e5/ download
[3] Onderi. V. N. (2014). determination of the impacts of the monetary policy to the price stability and economy of Kenya; 1992-2013. Kenya Universities Repository. https://ir -library.ku.ac.ke /items /b1431b35 -a3ab -4c61 -b05a -220f84f ea4b0
[4] CBK report by the monetary policy committee, 32 nd report, April 2024, bi-annual report. 5. Ndung u, and N. S. (2021). An example of a digital financial service in Kenya is a M-Pesa revolutionized situation. AERC. The African Economic Research Consortium. https: //aercafrica.org/oldwebsite/wpcontent/uploads/2021/03/AERC-MPESA-Case-Study
How to cite this paper
@article{1709927,
author = {Samuel Omondi Otieno, Dr. Yasin Kuso Ghabon},
title = {Impact of Kenya?s Monetary Policy on Poverty Rate},
journal = {Iconic Research And Engineering Journals},
year = {2025},
volume = {9},
number = {1},
pages = {1547-1549},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1709927.pdf},
abstract = {African policy makers are beginning to consider monetary policy as a tool that can help reduce poverty by protecting purchasing power of households, broadening access to credit and enhancing financial deepening. A case that is keen to analyze is that of Kenya in its inflation-targeting model which centers on the Central Bank Rate (CBR). This paper takes stock of the policy venue upon which the control of inflation can be pegged, the policy-rate dispensation process of policy transmission of welfare experience and the bearings of the empirical foundations on poverty reduction.},
month = {July},
}