Kenya May Keep Key Rate Unchanged After 6 Rises Curb Prices
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Kenya’s central bank will probably keep its benchmark lending rate unchanged for a second month as six increases last year helped to cool inflation in East Africa’s largest economy.
The Monetary Policy Committee, led by Governor Njuguna Ndung’u, will keep the benchmark interest rate at a record 18 percent, according to all five economists surveyed by Bloomberg. The central bank, based in the capital, Nairobi, will announce its decision in an e-mailed statement today.