- Central Bank of Kenya maintains benchmark interest rate at 13%
- Rising non-performing loans amid stable inflation and exchange rate
Nairobi, Kenya – Kenya’s central bank has maintained its benchmark interest rate at 13% due to stable inflation and exchange rates, despite an increase in defaulted loans. The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) announced this decision on Wednesday evening, aligning with the bankers’ lobby that had recommended maintaining the rate.
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