Kenya’s central bank said on Monday it was lowering the Central Bank Rate (CBR) and the amount of cash that commercial banks must hold as reserves, releasing Ksh35.2 billion in liquidity to prevent the COVID-19 health crisis becoming a severe economic and financial crisis. “In light of this adverse economic outlook, the MPC, therefore, decided … Continue reading Central Bank of Kenya Cuts Lending Rates to 7.25pct and Reserve Ratios for Banks