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Njoroge: CBK has 'plenty of firepower'

The central bank governor Patrick Njoroge said on Thursday that policymakers still had plenty of firepower left to limit the damage to the country’s economy from the coronavirus crisis.

Policymakers cut the benchmark lending rate by a total of 125 basis points at the onset of the crisis, lowered cash reserves for commercial banks and allowed them to restructure distressed loans.

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