No Need to Play God on Inflation, Kenyan Central Banker Says
- Food prices pushed inflation rate to 9 percent in February
- Policy framework allows policy makers ‘room to maneuver’
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There’s no point speculating whether rains expected this month will begin on time to help tame inflation that’s accelerated to five-year highs on spiraling food prices, Central Bank of Kenya Governor Patrick Njoroge said.
“Nobody knows if the long rains will come in time, and be adequate,” he said Tuesday in an interview in London. “Last time any of us played God, we failed.”