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Kenyan inflation dips in September, dampens chances of rate hike

NAIROBI, KENYA: Price inflation in Kenya fell to 6.60 percent in the year to September from 8.36 percent in the previous month, the statistics office said on Monday, making it less likely that the central bank will lift interest rates in coming months.

The year-on-year inflation rate came in within the central bank's preferred medium term range of 2.5 to 7.5 percent and also below the Reuters consensus forecast of 7.24 percent.

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