Central Bank of Kenya holds benchmark rate at 10 per cent again

Central Bank of Kenya Governor Patrick Njoroge. Photo: David Njaaga, Standard

The Central Bank of Kenya Monday retained the base lending rate at 10 per cent for the tenth month in a row, saving borrowers from higher borrowing costs.

CBK’s decision-making organ, the Monetary Policy Committee (MPC), said macro-economic conditions had over the past two months largely remained unchanged and hence did not warrant altering the Central Bank Rate (CBR).