CBK seen retaining benchmark loans rate

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Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) is likely to retain its benchmark lending rate at seven percent when its Monetary Policy Committee meets next Thursday, analysts said.

The analysts agree that the CBK rate-setting team is likely to remain neutral as they take a wait-and-see approach over fears of a second corona wave.

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