United States President-elect Donald Trump’s promise to introduce heavy tariffs on imported goods and deport millions of migrant workers is likely to raise US inflation and slow the pace of US interest rate cuts, hurting the flow of capital to smaller economies like Kenya.
Standard Chartered Plc Chief Executive Officer Bill Winters said in an interview that markets have already started recalibrating their expectations of deeper US rate cutes after the election outcome, with the US 10-year Treasury bond rate going up by 14 basis points to 4.43 percent on Wednesday, its highest level since July.
