Kenya’s central bank highlights growth rebound in 2021

Inflation has fallen to 6.5% following government stabilisation efforts to stem fuel prices

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The Central Bank of Kenya left interest rates on hold at 7% this month, citing strong growth and lower inflation.

In a statement published on November 29 following the CBK’s monetary policy meeting, governor Patrick Njoroge said recent data showed the economy had rebounded “strongly” in 2021 as a result of relaxed restrictions. 

“Real GDP grew by 10.1% in the second quarter of 2021 compared to a contraction of 4.7% in the second quarter of 2020,” he said, noting Kenya’s recovery was likely to

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