Kenya's central bank retains benchmark rate at 7 pct amid COVID-19 pandemic


  • World
  • Friday, 27 Nov 2020

NAIROBI, Nov. 26 (Xinhua) -- The Central Bank of Kenya (CBK) on Thursday retained its benchmark lending rate at 7 percent amid the COVID-19 pandemic.

Patrick Njoroge, CBK governor, who chaired the Monetary Policy Committee (MPC) meeting in Nairobi said it assessed the outcomes of its policy measures deployed since March to mitigate the adverse economic effects and financial disruptions from the pandemic.

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