Another 50bp hike by Kenya’s MPC next week

In next week's main releases, Kenya's MPC meeting is the most prominent. 

"Following a cumulative 300bp hike during June and July, further tightening, with an increase of at least 50bp likely", says Barclays. 

Though inflation remained stable at 7.0% y/y in June (6.9% in May), inflationary pressures are rising as a result of the weaker currency (-12% year-to-date versus USD)