Kenya keeps rates on hold

by Reuters 2 views0

Central Bank of Kenya raises lending rate

NAIROBI, March 21 (Reuters) – Kenya’s central bank held its benchmark lending rate at 11.50 percent on Monday, saying that monetary policy now in place had helped moderate inflation expectations, it said in a statement.

All but one of the 13 economists surveyed by Reuters had expected the bank to hold the rate. (Reporting by Duncan Miriri; Editing by Edmund Blair)