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Kenyan Central Bank Raises Key Rate by 75 Basis Points – Emerging Markets Bitcoin News

The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy.

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Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low – Africa Bitcoin News

Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in

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