Kenya central bank holds benchmark lending rate for sixth time
The central bank put in place a range of easing measures at the start of the coronavirus pandemic
27 January 2021 - 17:10
Nairobi — Kenya's central bank held its benchmark lending rate at 7% on Wednesday, the bank's monetary policy committee said, adding that measures it had put in place since March had helped mitigate the effects of Covid-19 on the economy.
Like other central banks worldwide, Kenya's central bank put in place a range of easing measures at the start of the coronavirus pandemic in March and April 2020 to try to contain damage to the economy caused by the crisis...
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