Kenya’s central bank will maintain its main lending rate at 9%

To check inflation, the prices of food, utilities, and fuel will be monitored closely.
Kenya’s central bank maintains its main lending rate at 9%

Kenya’s Central Bank is maintaining its lending rate at 9 per cent for the fifth time, according to its Monetary Policy Committee.

Meanwhile, to check inflation, the prices of food, utilities, and fuel will be monitored closely.

Cost had already pushed inflation from 4.35% to 6.58% year-on-year, the highest since the government agreed to maintain it between 2.5% to 7.5%.

The finance ministry predicts that the economy will grow at 6.1% rate this year, slightly slower than the 6.3% in 2018.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.
Your Friends Also Read:  Tunisia Revives 2008 $5billion Sports City Project

Contact: digital@newscentral.ng

Total
0
Shares
1 comment

Leave a Reply

Previous Article
Telkom South Africa cuts 12.5% jobs after 22.6% earnings surge

Telkom South Africa cuts 12.5% jobs after 22.6% earnings surge

Next Article
AFCON 2019: Kenya's team worries over Were injury

AFCON 2019: Harambee Stars of Kenya worry over Were's injury

Related Posts
Powered by Live Score & Live Score App