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IMF asks Kenya to adjust monetary policy to capture key climate risks
The International Monetary Fund (IMF) has called on the Central Bank of Kenya (CBK) to strengthen its monetary policy framework by adopting a model that better reflects the growing influence of fiscal policy, external shocks and climate-related risks on the economy. In its latest Technical Assistance Report, the IMF says Kenya's monetary policy framework should become more model-driven, scenario-based and anchored on a revamped Quarterly Projection Model (QPM). [...]