The Central Bank of Kenya has released the report of the Market Perceptions Survey of November 2020. 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 November 2020 Market Perceptions Survey include:
- Optimism in the country’s economic prospects continued to improve with the reopening of the economy;
- Respondents expect economic activity to increase in November and December;
- The proportion of firms expecting to lay off employees declined with improving economic activity;
- Banks expect an increase in private sector credit growth in 2020; and
- Inflation expectations remain well anchored within the target range.
Read the full report here