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Central Bank of Kenya finally lowers benchmark rate to 10.5 per cent

CBK Governor Patrick Njoroge

Central Bank of Kenya (CBK) has relaxed its monetary policy in a measure expected to offer relief to borrowers through cheaper loans.

The decision to slash the benchmark lending rate by one per cent yesterday by the CBK Monetary Policy Committee (MPC) is informed by falling inflation that is now within the Government’s target range.

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