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Kenya’s central bank holds lending rate at 10 percent

NAIROBI, KENYA: Kenya's central bank held its benchmark lending rate at 10.0 percent after inflation fell last month from a multi-year peak, the bank's Monetary Policy Committee (MPC) said on Monday.

The consensus expectation in a Reuters poll of analysts was for a "hold" decision after inflation dropped from a five-year peak of 11.7 percent in May, to 9.21 percent last month, as food supplies improved due to rains following a months-long drought.

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