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Treasury, analysts downplay US rate rise impact on economy
Treasury secretary Henry Rotich said the short-term inflows into Kenya from abroad are not large enough to shock the economy. PHOTO | DIANA NGILA
The 0.25 percentage points rise of US Federal Reserve rates is unlikely to be pronounced on the Kenyan economy, the Treasury and financial analysts say.
Kenya is among the emerging economies which have benefited from inflows of capital from the US over the past six years, due to both the near-zero interest rates and quantitative easing instituted to help the US economy recover from the global financial crisis of 2008.
