Corpus ID: 55023241

The Choice Of Optimal Monetary Policy Instrument For Kenya

@inproceedings{Gichuki2011TheCO,
  title={The Choice Of Optimal Monetary Policy Instrument For Kenya},
  author={James K. Gichuki and Jacob Oduor and George K. Kosimbei},
  year={2011}
}
The Central Bank of Kenya (CBK) has over the years used monetary policy to stabilize both inflation and output using two instruments; interest rates and reserve money simultaneously. However, literature suggests that the two instruments used simultaneously will not be effective in hitting the monetary policy targets. In fact, the CBK has over the years missed its inflation target, a fact that could in part be explained by the use of the two instruments simultaneously. The CBK therefore must… CONTINUE READING

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