Central Bank of Kenya (CBK) Governor Kamau Thugge held his third post Monetary Policy Committee (MPC) news conference on Wednesday to explain the decision by the rate setting organ to hold the Central Bank Rate at 10.5 percent.
Dr Thugge who is also the MPC chairman noted inflationary pressures were well contained and that the impact of June’s tightening when the rate was raised from 9.5 percent to 10.5 percent was still having its effect on the economy.
