×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Central bank retains benchmark lending rate at 7.0 per cent

The Central Bank of Kenya (CBK) has kept its benchmark lending rate at 7.0 per cent on Wednesday, as expected, judging that its current accommodative stance remained appropriate, the Monetary Policy Committee said in a statement.

The committee has cut its main interest rate by a total of 125 basis points over two meetings to support the economy since its first case of the new coronavirus was reported in mid-March.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in

Related Topics

CBK MPC