Africa Economic News, Kenya Latest: Central Bank Key Rate

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Kenya’s central bank held its benchmark interest rate for the second time in a row, saying policy steps taken to boost the economy were working.

The monetary policy committee retained the rate at 7%, Governor Patrick Njoroge said Thursday in an emailed statement from the capital, Nairobi. That matched the forecast of four out of the seven economists in a Bloomberg survey. One predicted a 25 basis-point cut and two expected 50 basis…

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