CBK keeps key lending rate at 8.50 pct
09 July 2014, 08:12
Nairobi - The Central Bank of Kenya said on Tuesday it was holding its key lending rate at 8.50 percent, in line with analysts forecasts, saying inflation remained in the target range while the pace of price rises had slowed.
The central bank also announced that the new Kenya Banks Reference Rate (KBRR), which is to be the basis for banks to price their commercial loans, would be set at 9.13 percent.
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