Phumelele Mbiyo

Phumelele Mbiyo is a Senior Economist at Absa Bank, where he provides insights on macroeconomic trends affecting Kenya. Recently, he has been in the news for predicting a reduction in the Central Bank Rate (CBR) from 10.75% to 9.0%, along with forecasts for inflation to settle at 4.5% and GDP growth at 4.9% for the year. His analysis includes the expected impacts of agricultural performance, the construction sector's recovery, and the stability of the Kenyan shilling supported by international financial inflows.