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Monetary team to review rate on January 20

Central Bank of Kenya’s rate-setting committee is set to meet on January 20 to decide whether or not to adjust the policy benchmark rate from the current 11.5 per cent.

The Monetary Policy Committee (MPC), which meets at least once every two months, has not altered the rate since July last year when it increased the benchmark rate from 10 per cent to the current 11.5 per cent.

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