Kenya pauses rate cuts to monitor rising oil prices
Kenya's central bank held its key rate at 8.75% on Wednesday. The move pauses a series of cuts to monitor inflation risks from higher international oil prices.
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The central bank of Kenya has paused its cycle of interest rate cuts, maintaining the benchmark lending rate at 8.75% during its latest policy meeting. The decision, announced on Wednesday, ends a streak of 10 consecutive rate reductions as the bank shifts its focus toward potential inflationary pressures stemming from global energy markets.
