Kenya's inflation falls to 3.6% in September
Kenya's inflation fell to 3.6% year-on-year
in September from 4.4% a month earlier, the statistics office said on
Wednesday.
On a month-on-month basis inflation was at
0.2% from 0.0% a month earlier, the Kenya National Bureau of Statistics said in
a statement.
The Kenyan government targets an inflation
rate of between 2.5% and 7.5% in the medium term.
The central bank is due to announce its next
interest rate decision on Oct. 8
It cut its
benchmark lending rate by 25 basis points in August, saying there was
scope to ease policy gradually as inflation had fallen below the midpoint of
its target range.
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