Kenya’s central bank reduced its benchmark lending rate\u00a0by 25 basis points to 9.0% on Tuesday, saying there was scope for further easing to stimulate lending by banks to the private sector.<\/p>\n
It was the bank’s ninth rate cut in a row.<\/p>\n
“This will augment the previous policy actions aimed at … supporting economic activity, while ensuring inflationary expectations remain firmly anchored, and the exchange rate remains stable,” the Central Bank of Kenya said in a statement.<\/p>\n
Kenya’s inflation\u00a0was at 4.5% year-on-year in November, slightly lower than the previous month’s reading of 4.6% and within the 2.5%-7.5% target band.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kenya’s central bank reduced its benchmark lending rate\u00a0by 25 basis points to 9.0% on Tuesday, saying there was scope for further easing to stimulate lending by banks to the private sector. It was the bank’s ninth rate cut in a row. “This will augment the previous policy actions aimed at … supporting economic activity, while […]<\/p>\n","protected":false},"author":1,"featured_media":9101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":4,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[29,32],"tags":[111],"class_list":["post-18879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-africa","category-economy","tag-kenya"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/18879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=18879"}],"version-history":[{"count":2,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/18879\/revisions"}],"predecessor-version":[{"id":18881,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/18879\/revisions\/18881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/9101"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=18879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=18879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=18879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}