World Bank reiterates that between mid-2022 and mid-2023, global commodity prices plummeted by nearly 40 per cent. Kenyan consumers will have to bear the high cost of borrowing for much longer as Central Banks will not loosen their monetary policies any time soon, the World Bank has said. The lender says the continued tightening will be a result of the prevalent global economic shocks, such as the Middle East conflict.
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