Central Bank of Kenya Holds Lending Rate at 7.00 Seventh Time in a Row

CBK Keeps Rates Unchanged Amid Resurgence of COVID-19 Infections

The Monetary Policy Committee (MPC) of Kenya’s Central Bank kept interest rates unchanged on Thursday

The Central Bank of Kenya held its benchmark lending rate at 7.0% on Monday, the bank’s monetary policy committee said.

The MPC said the current accommodative monetary policy stance remains appropriate.

“The MPC will closely monitor the impact of the policy measures, as well as developments in the global and domestic economy, and stands ready to take additional measures as necessary. The Committee will meet again in May 2021, but remains ready to re-convene earlier if necessary,” the CBK noted.