Central Bank Retains Benchmark Rate to Curb Inflation (allAfrica.com)

Kenya’s apex bank on Tuesday retained benchmark lending rate at 11.50 percent in order to anchor inflation expectations. The Central Bank of Kenya (CBK)’s Monetary Policy Committee (MPC) observed that the measures taken in the previous meetings had continued to bring inflation nearer to the 5 percent target. “The CBK stands ready to use the instruments…

Kenya’s apex bank on Tuesday retained benchmark lending rate at 11.50 percent in order to anchor inflation expectations. The Central Bank of Kenya (CBK)’s Monetary Policy Committee (MPC) observed that the measures taken in the previous meetings had continued to bring inflation nearer to the 5 percent target. “The CBK stands ready to use the instruments…