Kenyan report reveals battle to reduce inflation


Kenya's financial stability report for 2011, released on September 26, charted the central bank's tussle with high inflation and a depreciating currency as well as revealing the country's negative growth outlook.

GDP growth slowed to 4.4%, down from 5.7% in 2010, partly as a result of weakening internal demand, the report said. The central bank expects growth to fall even further in 2012, to around 3.5%.

Inflation rose to an "historical high" in 2011; averaging at 14% and peaking at 19.7% in

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