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Business & Finance

Kenya monetary policy to target inflation

Published Updated

nmcvNAIROBI: Kenya must keep monetary policy geared towards cutting inflationary expectations while the impact of high global prices on the country's finances will need both fiscal and monetary adjustment, the International Monetary Fund said.

"Sustaining high growth will require addressing macroeconomic vulnerabilities," the IMF said in a statement dated Dec. 9.

Copyright Reuters, 2011

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