Relief for borrowers as CBK holds key lending rate at 10 per cent

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

The Central Bank of Kenya (CBK) advisory committee has retained its base lending rate at 10 per cent, offering relief to borrowers.

The bank’s Monetary Policy Committee (MPC) said it held the rate steady since the shilling has remained stable against the dollar with the country holding sufficient foreign exchange reserves.

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