Treasury calls for rates cut as inflation falls to 12-year low

Kenya’s inflation dropped to its lowest level in 12 years, signalling a further cut in the central bank rate and offering relief to households and firms plagued with costly bank loans.

Inflation fell to 3.6 percent in September from 4.4 percent a month earlier on easing food, energy and transport expenses, Kenya National Bureau of Statistics (KNBS) data shows.