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CBK policy team meets as interest rate doubts persist

The Central Bank of Kenya (CBK) in Nairobi. FILE PHOTO | NMG

By  BRIAN NGUGI

The Central Bank of Kenya (CBK) policymaking team is set to meet on July 30 with proposed changes to the rate cap law hanging over its head.

The Monetary Policy Committee (MPC) is widely tipped to leave its policy rate unchanged — partly thanks to relatively low inflation-- as banks ration credit to small firms.

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