Kenya raises rates as inflation rises by a quarter

The Central Bank of Kenya looked to combat mounting inflation on Wednesday with a twenty five basis point increase to its central bank rate.

Inflation increased from 11% in June to 13.6% last month. In addition, the central bank anticipates further inflationary pressures: "The [Monetary Policy Advisory] Committee expressed concerns that prices were on an upward trend and there was a risk that the trend could continue in light of the continuing pressures on world oil prices."

The Monetary Polic

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