CBK's Thugge sees light at end of tunnel amid loans shocker

In what will put to fresh test the Ruto government's plan to stabilise the shilling and reduce economic pain for Kenyans, the CBK yesterday raised its benchmark lending rate by 50 basis points to 13.00 per cent from the previous 12.50 per cent.

"The MPC, therefore, decided to raise the Central Bank Rate (CBR) from 12.50 per cent to 13.00 per cent," said Dr Thugge.