Bloomberg News

AFRICA WEEK AHEAD: Kenyan Interest Rates, Mauritian Inflation

July 01, 2012

The Central Bank of Kenya meets on July 5 to announce its latest monetary policy stance. The central bank left its benchmark interest rate unchanged at a record 18 percent at its last meeting on June 5 to help support the shilling and curb inflation.

The Ugandan central bank meets on July 3 to set its monetary policy. The bank on June 1 cut its key lending rate by 1 percentage point, the third reduction this year, to 20 percent as inflation slowed.

Statistics Mauritius announces inflation data for June on July 6. The rate was steady at a 19-month low of 3.8 percent in May and inflation risks are on the downside amid reduced global demand, the Bank of Mauritius said on June 11 when its benchmark repo rate was left unchanged at 4.9 percent.

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To contact the reporter on this story:
Paul Richardson in Nairobi at 
pmrichardson@bloomberg.net.

To contact the editor responsible for this story:
Bryson Hull at 
bhull5@bloomberg.net.




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