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Kenya’s Central Bank will probably leave its key rate unchanged as policy makers monitor accelerating inflation and whether previous cuts are reviving lending to consumers and businesses.
The CBK's rate-setting committee led by Governor Patrick Njoroge will retain the benchmark rate at 10 per cent for a third consecutive meeting, according to all eight economists in a Bloomberg survey. This even as inflation accelerated to the highest rate in more than four years in February, driven by a jump in food prices.
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