Kenya eases policy with 200bp rate cut
The Central Bank of Kenya cut its benchmark interest rate by 200 basis points on November 7 as part of an ongoing effort by the central bank to ease monetary policy. The interest rate was cut from 13% to 11%, as the monetary policy committee deemed the economy was maintaining a level of stability sufficient for a "gradual easing" of policy.
Month-on-month inflation fell from 5.32% to 4.24% in October, falling below the central bank's 5% target. The fall in inflation was attributed to declining
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