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World 28 Jan 2021 | 12:22 AM

Kenya's apex bank retains benchmark rate at 7 pct

NAIROBI, Jan. 27 (Xinhua) -- The Central Bank of Kenya (CBK) on Wednesday retained its benchmark lending rate at 7.0 percent amid post-COVID-19 economic recovery.

Business 03 Dec 2020 | 7:00 AM

UK economy won’t reach pre-virus level so soon

LONDON: Britain’s economy will contract this quarter and it will take at least two years for gross domestic product (GDP) to reach pre-Covid-19 levels, according to a Reuters poll which also found London would agree a free-trade deal with the European Union (EU).

World 27 Nov 2020 | 12:50 AM

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

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.

World 09 Oct 2020 | 12:27 AM

News Analysis: Lebanon should adopt effective aid mechanism before lifting subsidies: economists

BEIRUT, Oct. 8 (Xinhua) -- Lebanese economists have been urging authorities to adopt an effective aid mechanism for citizens before starting to lift subsidies on fuel, wheat, medicines and food products from the end of October, citing severe economic and financial trouble in the country.