Kenya cuts despite inflation's persistence

The Central Bank of Kenya cut its key rate to 8.5% and its cash reserve requirement by a full percentage point on signs of a slowdown on Monday but warned inflation remained a concern.

The benchmark central bank rate was cut by 50 basis points to 8.5%.

The cut to the cash ratio leaves the measure at 5%. The decision was made "considering the prevailing liquidity conditions as we approach the festive period and the subsequent launch of infrastructure bonds [which are due to be issued during the

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