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NAIROBI- Kenya’s central bank held its benchmark lending rate at 9.0 percent on Tuesday, saying inflation remained within a band favoured by the government.
Inflation fell to 5.5 percent in October from 5.7 percent the previous month, the bank’s monetary policy committee (MPC) said, after declines in food prices that offset the effects of an 8 percent value added tax imposed in September on all petroleum products.
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