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Living cost, shilling tests as CBK holds MPC meeting

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President William Ruto, CBK Governor Kamau Thugge (second-left) during the launch of the Central Securities Depository digital platform last year. [PCS, Standard]

The Central Bank of Kenya (CBK) is set to hold its first monetary policy committee meeting (MPC) for the New Year tomorrow against the backdrop of rising inflation and a weakened shilling.

A jump in the prices of essential commodities, including cooking oil, and flour as well as energy costs on the back of new levies and taxes, have squeezed household budgets and weakened the purchasing power of a majority of Kenyans.

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