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Kenya

MPC retains base rate at 18pc

The Monetary Policy Committee met on 11th January, 2012 to assess the economy’s response to its previous monetary policy decisions as well as the domestic and international economic developments since its last meeting. The tight monetary policy stance adopted by the Committee has contributed to a decline in inflation with overall inflation declining from 19.72 percent in November 2011 to 18.93 percent in December 2011.
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