The Central Bank of Kenya has released the report of the Market Perceptions Survey of January 2019. The survey is conducted every two months, prior to every Monetary Policy Committee meeting, to obtain the expectations of banks and non-bank private sector firms on selected economic indicators.

The highlights of the January 2019 Market Perceptions Survey include:

• Inflation expectations were revised downwards, and remained well anchored within the Government’s target range (5 ± 2.5 percent) in the next 2 months (January and February 2019) and over the next 12 months (January to December 2019).
• Banks expected an increase in private sector credit growth in 2019 relative to 2018.
• Private sector firms expected the Shilling/U.S. dollar exchange rate to remain stable in January and February 2019.
• Stronger economic growth was expected in 2019 relative to 2018.
• There was increased optimism on the economic growth prospects and improvement in the business environment going forward.

Read the full report here