CBK maintains key lending rate at 10 pc

The Central Bank of Kenya (CBK) building in Nairobi. FILE PHOTO | NMG

Central Bank of Kenya's (CBK) top decision making organ on Thursday expectedly retained its base lending rate at 10 per cent, citing lower inflationary pressure.

The Monetary Policy Committee (MPC) said the cost of living index, which dropped to 5.72 per cent in October from 7.1 per cent a month earlier, was expected to continue falling in the short-term period.

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