10
Oct
The Central Bank of Kenya (CBK) has lowered interest rates by 75 basis points in its latest review. The Monetary Policy Committee on Tuesday announced a cut in lending rates for the second consecutive time to 12pc from 12.75pc citing a decline in inflation. “The MPC noted that overall inflation has declined further and is expected to remain below the midpoint of the target range in the near term, supported by stable food inflation attributed to improved supply from the ongoing harvests, a stable exchange rate, and lower fuel inflation,” said Dr Kamau Thugge, CBK Governor. Kenya’s annual inflation rate…