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Brace for tougher times, CBK says as it cuts growth rate to 4.9%

The Central Bank has cut Kenya’s economic growth projection for 2026 by 40 basis points, on account of rising global fuel prices  due to the ongoing war in the Middle East. Addressing journalists at a post Monetary Policy Committee  (MPC) briefing on Wednesday, Central Bank of Kenya boss, Kamau Thugge, said the economy is expected to expand by 4.9 per cent compared to an earlier projection of 5.3 per cent. [...]