While Kenyan inflation is slowing and central bank Governor Patrick Njoroge said two weeks ago there is room to start easing monetary policy, only two of the nine economists in a Bloomberg survey forecast the bank will start reversing last year’s 300 basis points of interest-rate increases. Policy tightening in 2015 pushed the benchmark rate to 11.5 percent, the highest since 2012. At 5.3 percent in April, consumer-price growth was at an almost three-year low, after peaking at 8 percent in December, and within the government’s target of between 2.5 percent and 7.5 percent.

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