The CBK jointly with domestic financial Sector regulators has released the Financial Sector Stability Report 2023 dated September 2024. The report covers global and domestic developments and risks to Kenya’s financial sector during January- 2023 to June 2024. The sector faced multiple shocks, including credit risks, high interest rates, unfavourable business environment, global risks spillovers, cyberthreats and climate change related shocks. However, it remained resilient to these shocks supported by strong policy, supervisory and regulatory measures. The outlook remains positive on account of technological transformation, easing monetary policy as inflation risks subside, muted volatility in foreign exchange and stock markets, and improved fiscal position of government. Read the full report here…
