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Kenyan Inflation Rate Increases to 4.8% Amidst Leadership Turmoil

Inflation accelerations for first time in 5 months

As Kenya struggles to control its minority party after election results were nullified due to “election tampering”, its inflation figures continue to prove an issue.

Rising to 4.8% in January, Kenya’s central bank looks likely to keep its interest rates at 10% in an effort to cool its effect. Other reasons given for the higher number include government caps on lending rate, which could be stifling growth, and a drought which has put pressure on Kenya’s main exports including Tea.

The central bank’s target remains at 6.5% for 2018

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