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Kenya’s central bank will maintain its main lending rate at 9%

To check inflation, the prices of food, utilities, and fuel will be monitored closely.

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May 28, 2019

Kenya’s Central Bank is maintaining its lending rate at 9 per cent for the fifth time, according to its Monetary Policy Committee.

Meanwhile, to check inflation, the prices of food, utilities, and fuel will be monitored closely.

Cost had already pushed inflation from 4.35% to 6.58% year-on-year, the highest since the government agreed to maintain it between 2.5% to 7.5%.

The finance ministry predicts that the economy will grow at 6.1% rate this year, slightly slower than the 6.3% in 2018.

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Toyibat Ajose

Toyibat is a highly motivated Mass Communication major and results-oriented professional with a robust foundation in media, education, and communication. Leveraging years of hands-on experience in journalism, she has honed her ability to craft compelling narratives, conduct thorough research, and deliver accurate and engaging content that resonates with diverse audiences.

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Updated May 28, 2019

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Abdulateef Ahmed

Abdulateef Ahmed, Digital News Editor and; Research Lead, is a self-driven researcher with exceptional editorial skills. He's a literary bon vivant keenly interested in green energy, food systems, mining, macroeconomics, big data, African political economy, and aviation..