Central Bank of Kenya announces its latest benchmark lending rate decision

May 27, 2020 - Nairobi, Kenya, Africa - Looking out for further central bank action aimed at cushioning the effects of the novel coronavirus. At its April meeting, the bank cut its benchmark lending rate to 7.0% from 7.25%, saying moves to soften the impact of the coronavirus were having an effect, but the bank needed to do more, due to the adverse economic outlook.
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