ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent ...
Read More »Kenya central bank follows South Africa with a surprise cut
Bloomberg Kenya’s central bank joined its South African counterpart by unexpectedly cutting interest rates, citing well-anchored inflation expectations and an economy that’s operating below its potential. The monetary policy committee reduced its key rate to 8.25% from 8.5%, governor Patrick Njoroge said in an emailed statement. That’s the second consecutive cut and moves the rate to the lowest in more ...
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