Kenya Inflation Slows for 10th Month Signaling Bank Rate Cut
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Kenyan inflation slowed for the 10th consecutive month in September, increasing the scope for the central bank to lower interest rates.
The inflation rate in East Africa’s largest economy dropped to 5.3 percent from 6.1 percent the previous month, the Nairobi-based Kenya National Bureau of Statistics said today in an e-mailed statement. In the month, prices rose 0.3 percent.