(Adds dropped word 'transmission' in quote)
NAIROBI Dec 10 Kenya, east Africa's biggest
economy, will grow slower than expected in 2013 and 2014, the
World Bank said on Tuesday, leaving it lagging behind other
economies in the region.
The Kenyan economy will expand 5.0 percent this year and an
estimated 5.1 percent next year, the bank said.
"Domestic factors played a role in lower than expected
growth, reflecting a weakening investment climate, unsupportive
fiscal environment at both the national and county level, and
slow transmission of accomodative monetary policy stance into
lower lending rates," the bank said in its December Kenya
(Reporting by George Obulutsa; Editing by Richard Lough)