×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

CBK retains base lending rate at 7 per cent

CBK Governor Patrick Njoroge.

The Central Bank of Kenya (CBK) retained the base lending rate at seven per cent for nine consecutive months on the back of gradual economic recovery from the coronavirus pandemic.

In a statement on Wednesday, CBK’s Monetary Policy Committee (MPC) said policy initiatives introduced at the onset of the pandemic have had the intended effect on the economy.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • 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