Central Bank has retained the base lending rate at 8.5%, with the Monetary Policy Committee adding that there is no demand-driven inflationary pressures. CBK says although inflation rose to 6.7%, it is still within the single digit target, while the exchange rate remained stable, and government borrowing is still within target and is not exerting pressure on interest rates.
The Star (Nairobi)
Kenya: CBK Retains Lending Rate At 8.5 PercentBy Joan Wairimu, 4 September 2013
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