Central Bank of Kenya's decision to hold its benchmark interest rate piled pressure on the shilling, which slipped to 91.20 units against the dollar from Wednesday's average exchange rate of 90.40.
The banking sector regulator held the Central Bank Rate at 6.25 per cent following its bi-monthly meeting on Wednesday, against analysts' expectations of a rate hike to support the weakening currency.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article