Central Bank of Kenya Lowers Interest Rates Further

Author:
NTV Kenya
Publisher:
NTV Kenya
Publication Date:
7 November 2012
Tags:
Kenya, Banking and Insurance, Economy, Business and Finance

In what is undoubtedly good news for both consumer and business borrowers, the Central Bank of Kenya has lowered its benchmark interest rate to 11 percent, bringing it to the lowest level it has been in more than a year. The Bank's Monetary Policy Committee, which met today, continues to be optimistic about the trends in the Kenyan economy.

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