Kenya Central Bank Sees Economic Growth At 3% This Year

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Monday, Kenya's central bank said the economy is expected to grow 3% this year.

The economy grew 1.7% in 2008, down from 7.1% growth in 2007.

In July, the central bank cut its key interest rate for the fourth time since December. The prime rate was lowered to 7.75% and the cash reserve ratio brought to 4.5% from 5%.

(Market News Provided by RTTNews)