Economics
Kenya Holds Key Interest Rate As Economic Outlook Improves
- Central bank rate kept at 7% for fourth straight meeting
- Economic growth forecast for this year revised up to 3.1%
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Kenya’s central bank held its key interest rate for the fourth straight meeting as policy measures support an economy seen performing better than earlier forecasts.
The monetary policy committee maintained the rate at 7%, Governor Patrick Njoroge said Tuesday in a statement. That matched the estimate of all five economists in a Bloomberg survey.