Kenya's central bank raises benchmark rate to 13 pct amid rising inflation

NAIROBI, Feb. 6 (Xinhua) -- The Central Bank of Kenya (CBK) on Tuesday raised its benchmark lending rate to 13 percent from 12.50 percent amid rising inflation.

Kamau Thugge, the CBK governor, who chaired the Monetary Policy Committee (MPC) meeting, noted that the overall inflation has remained sticky in the upper bound of the target range.