Kenya’s GDP growth will slow to 5.5 per cent in FY23 from the 5.5 per cent expected in the current…
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The charges were waived on March 16, 2020, prompted by the COVID-19 pandemic and the expansion of the payments ecosystem.
Business activity increased slightly after a marginal decrease in October. Surveyed businesses mainly attributed the rise in output to improving new order inflows and favourable weather conditions.
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Inflation remains significantly high in the economy, hitting 9.6% in October 2022, primarily driven by prices of food and non-alcoholic beverages.
Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%