Kenya Holds Policy Rate to Bring Inflation to Middle of Target
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The Central Bank of Kenya left its key lending rate unchanged for a fifth consecutive meeting as it seeks to guide inflation closer to the center of the government’s target range.
The Monetary Policy Committee, led by Governor Njuguna Ndung’u, maintained the key rate at 8.5 percent, the Nairobi-based central bank said today in an e-mailed statement. The decision was predicted by all 11 economists and analysts in a Bloomberg News survey.