Central Bank to hold base lending rate at 10 per cent

Central Bank of Kenya Photo:Courtesy

Central Bank of Kenya (CBK) is expected to hold the base lending rate at 10 per cent when its decision-making organ meets to review the rate.

The Monetary Policy Committee (MPC) in its last meeting spared borrowers from a fresh round of interest rate hikes, maintaining the rate at 10 per cent against the backdrop of improved weather conditions, expectations of lower food prices and general macroeconomic stability.