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Published 2 years ago

Kenyan Central Bank Raises Key Rate by 75 Basis Points

Summary by Ground News
The Central Bank of Kenya recently increased the central bank rate from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. The MPC warned it may be forced to take further steps should the situation demand it.

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