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Kenya: Central Bank of Kenya (CBK) held its key lending rate at 8.50 per cent yesterday, saying this would ensure inflation continued to fall towards a 5 percent target.
The bank's Monetary Policy Committee also said it was cutting the reference rate, which banks use as a base rate for calculating commercial lending, to 8.54 per cent from 9.13 set in July. The rate is set each six months.
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