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NAIROBI, KENYA: The Monetary Policy Committee chaired by the Central Bank of Kenya (CBK) governor has retained the lending rate at 7 per cent arguing that policy measures taken since March are having intended effect on the economy.
In a Thursday briefing, the regulator noted the continued implementation of the Financial Year 2020/21 budget including the Economic Stimulus Programme to stimulate the economy and cushion vulnerable citizens and businesses from adverse effects of the Covid-19 pandemic.
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