CBK raises rates in reaction to market shocks

NAIROBI, Kenya, Jul 7 – Interest rates are set to rise after the Monetary Policing Committee (MPC) raised the Central Bank Rate (CBR) by 1.5 percentage points to 11.50 percent from 10.00 percent. This is the second increase from the previous increase in the last MPC meeting where the rate was raised to 10 percent […]


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