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class="jeg_post_title">Central Bank Admits Four New Monetary Policy Committee Members</h1><div class="jeg_meta_container"><div class="jeg_post_meta jeg_post_meta_2"><div class="meta_left"><div class="jeg_meta_author coauthor"> <img data-del="avatar" alt="Zainab Hafsah" src='https://kenyanwallstreet.com/wp-content/uploads/2024/06/PHOTO-2024-06-05-08-40-34-1-96x96.jpg' class='avatar pp-user-avatar avatar-80 photo ' height='80' width='80'/><span class="meta_text ">by</span><a href="https://kenyanwallstreet.com/author/zainab-hafsah/">Zainab Hafsah</a></div><div class="jeg_meta_date"> <a href="https://kenyanwallstreet.com/central-bank-admits-four-new-monetary-policy-committee-members/">December 4, 2024</a></div><div class="jeg_meta_category"> <span><span class="meta_text">in</span> <a href="https://kenyanwallstreet.com/category/executive-appointments/" rel="category tag">Executive Appointments</a><span class="category-separator">, </span><a href="https://kenyanwallstreet.com/category/kenyan-news/" rel="category tag">Kenyan News</a><span class="category-separator">, </span><a href="https://kenyanwallstreet.com/category/public-policy/" rel="category tag">Public Policy</a> </span></div><div class="jeg_meta_reading_time"> <span> Reading Time: 4 mins read </span></div></div><div class="meta_right"></div></div></div></div><div class="row"><div class="jeg_main_content col-md-8"><div class="jeg_inner_content"><div class="jeg_featured featured_image "><a href="https://kenyanwallstreet.com/wp-content/uploads/2023/11/imf-1.jpg"><div class="thumbnail-container" style="padding-bottom:50%"><img width="750" height="375" src="https://kenyanwallstreet.com/wp-content/uploads/2023/11/imf-1-750x375.jpg" class="attachment-jnews-750x375 size-jnews-750x375 wp-post-image" alt="Central Bank of Kenya Monetary Policy Committee" decoding="async" fetchpriority="high" srcset="https://kenyanwallstreet.com/wp-content/uploads/2023/11/imf-1-750x375.jpg 750w, https://kenyanwallstreet.com/wp-content/uploads/2023/11/imf-1-360x180.jpg 360w" sizes="(max-width: 750px) 100vw, 750px" /></div><p class="wp-caption-text">A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi</p></a></div><div class="jeg_ad jeg_article jnews_content_top_ads "><div class='ads-wrapper '></div></div><div class="entry-content no-share"><div class="jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome"></div><div class="content-inner "><div class='heateorSssClear'></div><div class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' data-heateor-sss-href='https://kenyanwallstreet.com/central-bank-admits-four-new-monetary-policy-committee-members/'><div class='heateor_sss_sharing_title' style="font-weight:bold" ></div><div class="heateor_sss_sharing_ul"><a aria-label="Facebook" class="heateor_sss_facebook" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fkenyanwallstreet.com%2F%3Fp%3D141733" title="Facebook" rel="nofollow noopener" target="_blank" style="font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle"><span class="heateor_sss_svg" 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href="https://telegram.me/share/url?url=https%3A%2F%2Fkenyanwallstreet.com%2F%3Fp%3D141733&text=Central%20Bank%20Admits%20Four%20New%20Monetary%20Policy%20Committee%20Members" title="Telegram" rel="nofollow noopener" target="_blank" style="font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle"><span class="heateor_sss_svg heateor_sss_s__default heateor_sss_s_telegram" style="background-color:#3da5f1;width:70px;height:35px;border-radius:10px;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box"><svg style="display:block;" focusable="false" aria-hidden="true" xmlns="http://www.w3.org/2000/svg" width="100%" height="100%" viewBox="0 0 32 32"><path fill="#fff" d="M25.515 6.896L6.027 14.41c-1.33.534-1.322 1.276-.243 1.606l5 1.56 1.72 5.66c.226.625.115.873.77.873.506 0 .73-.235 1.012-.51l2.43-2.363 5.056 3.734c.93.514 1.602.25 1.834-.863l3.32-15.638c.338-1.363-.52-1.98-1.41-1.577z"></path></svg></span></a></div><div class="heateorSssClear"></div></div><div class='heateorSssClear'></div><br/><p>The Central Bank of Kenya has admitted 4 new external members to the Monetary Policy Committee (<a href="https://kenyanwallstreet.com/why-kenyans-must-pay-more-attention-to-the-central-bank/">MPC</a>), after delays as the terms of other 4 existing members expired in August.</p><ul><li>The term of the four previous external members expired in August 2024.</li><li>The new members are Isis Nyong鈥檕, Dr. Kemboi Kipruto, Dr. Freshia Mugo, and Jared Osoro.</li><li>The appointments come just a day ahead of the MPC’s <a href="https://www.centralbank.go.ke/category/monetary-policy/">final</a> meeting of 2024 on December 5th.</li></ul><div id="ez-toc-container" class="ez-toc-v2_0_52 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction"><p class="ez-toc-title">In 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class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class="ez-toc-link ez-toc-heading-1" href="#Dr_Kemboi_Kipruto" title="Dr. Kemboi Kipruto ">Dr. Kemboi Kipruto </a></li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class="ez-toc-link ez-toc-heading-2" href="#Isis_Nyong%E2%80%99o" title="Isis Nyong鈥檕 ">Isis Nyong鈥檕 </a></li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class="ez-toc-link ez-toc-heading-3" href="#Jared_Osoro" title="Jared Osoro ">Jared Osoro </a></li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class="ez-toc-link ez-toc-heading-4" href="#Dr_Freshia_Mugo" title="Dr. Freshia Mugo ">Dr. Freshia Mugo </a></li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class="ez-toc-link ez-toc-heading-5" href="#What_the_Monetary_Policy_Committee_Does" title="What the Monetary Policy Committee Does">What the Monetary Policy Committee Does</a></li></ul></nav></div><h4 class="wp-block-heading" id="h-dr-kemboi-kipruto-nbsp"><span class="ez-toc-section" id="Dr_Kemboi_Kipruto"></span><strong>Dr. Kemboi Kipruto</strong> <span class="ez-toc-section-end"></span></h4><p>Dr Kemboi currently an Academic Trainer in Collaborative and Specialised Programs at the Kenya School of Revenue Administration and doubles as the Coordinator of Economic Programs and a lecturer at Moi University School of Business and Economics Nairobi Campus.</p><div class="jeg_ad jeg_ad_article jnews_content_inline_ads "><div class='ads-wrapper align-center '><div class='ads_code'><SCRIPT language='JavaScript1.1' SRC="https://ad.doubleclick.net/ddm/trackimpj/N1741099.5084810ADVERTISINGOPS/B32246848.400359255;dc_trk_aid=592686366;dc_trk_cid=219727396;ord[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=;dc_tdv=1?"attributionsrc ></script></div></div></div><p>He holds a PhD in Economics from Moi University, a Master鈥檚 degree in Economics from Kenyatta University, and a Bachelor of Economics and Statistics degree from Kenyatta University. </p><p>Dr. Kipruto has published widely in refereed journals, and has extensive experience in research, policy analysis, investment methodologies, statistical and data analytics with a Certified Investment and Financial Analyst (CIFA), and Certified Public Accountant (CPA). </p><h4 class="wp-block-heading" id="h-isis-nyong-o-nbsp"><span class="ez-toc-section" id="Isis_Nyong%E2%80%99o"></span><strong>Isis Nyong鈥檕 </strong><span class="ez-toc-section-end"></span></h4><p>Nyong鈥檕 earned a Master of Business Administration degree from Stanford University in the USA, and a Bachelor of Arts degree in human biology from the same university. </p><p>With over 12 years of experience as a non-executive director, Nyong鈥檕 has also served in advisory roles for several boards including the Africa Research Centre for the Harvard Business School. </p><p>She is currently a member of the boards of the Nairobi Securities Exchange and LGT Venture Philanthropy, and has previously served on various boards including Equity Bank Group. </p><h4 class="wp-block-heading" id="h-jared-osoro-nbsp"><span class="ez-toc-section" id="Jared_Osoro"></span><strong>Jared Osoro </strong><span class="ez-toc-section-end"></span></h4><p>Osoro is  an economist specialising in international macroeconomics, financial and monetary economics, econometrics, and development economics – currently leading a special Financial Sector Deepening (FSD) Africa technical advisory program on two-way interaction of central bank policies and market players</p><p>He holds a Bachelor of Arts degree in Economics from the University of Nairobi, Master of Science in Economics from the University of Zimbabwe, and Advanced Econometric Studies as applied to Development from the University of Bradford. </p><p>Osoro has also worked at the East African Development Bank, and the Kenya Bankers Association as Director of Research.</p><h4 class="wp-block-heading" id="h-dr-freshia-mugo-nbsp"><span class="ez-toc-section" id="Dr_Freshia_Mugo"></span><strong>Dr. Freshia Mugo </strong><span class="ez-toc-section-end"></span></h4><p>Dr. Mugo currently serves as a Senior Lecturer in Finance, and Academic Director for PhD programmes at Strathmore University. She earned a PhD in International Finance from Sogang University in South Korea, and Master of Business Administration (Finance) and Bachelor of Commerce in Accounting from Kenyatta University. </p><p>Dr. Mugo has also served as Chair of the Finance and Planning Committee as well Audit, Governance, and Risk Committee at the Capital Markets Authority (CMA). </p><p>She led the establishment of the derivatives market in Kenya, and was the lead finance expert of a World Bank and Government of Kenya-funded project on development of urban resilience strategies.</p><h4 class="wp-block-heading" id="h-what-the-monetary-policy-committee-does"><span class="ez-toc-section" id="What_the_Monetary_Policy_Committee_Does"></span><strong>What the Monetary Policy Committee Does</strong><span class="ez-toc-section-end"></span></h4><p>As the name suggests, the MPC is central to the “decisions and actions taken by the Central Bank to ensure that the supply of money in the economy is consistent with growth and price objectives set by the government.”</p><p>MPC decisions are primarily meant to maintain price stability in the economy, primarily guided by inflation numbers. Daily decisions on this are made by the Monetary Policy Management Committee while the MPC means at least once every two months to review both CBK and external data and make decisions on whether to maintain or vary the apex bank’s overall stance.</p><p>The MPC consists of the Governor who serves as chair, the deputy governor, two members appointed by the governor, four external members, the Principal Secretary of the National Treasury or a representative. 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