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How Middle East war threatens Kenya’s inflation recovery

Traffic on a busy day in Nairobi, Kenya. Photo by Michael Njoroge @ Unsplash
Traffic on a busy day. Photo by Michael Njoroge @ Unsplash
  • Kenya holds rates as inflation nears target ceiling
  • Oil-price shock forces downgrade to growth outlook

 

NAIROBI, KENYA – Kenya’s central bank has chosen caution over action, keeping interest rates unchanged as policymakers confront a difficult reality: inflation is rising again, but the threat is coming largely from beyond the country’s borders.

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