The central bank of Kenya (CBK) Monetary Policy Committee has maintained the benchmark rate unchanged at 7.5pc in the hope of abating rising inflation.
During the Thursday meeting, the CBK monetary policy committee said the decision to hike the Central Bank Rate (CBR) from 7pc to 7.5pc in May was timely as consumers battled the high cost of living amid rising commodity prices in the subsequent months.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
