Kenya: Shilling Weakens After Central Bank Retains Interest Rate

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.

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