News Kenya central bank to hold rate-setting meeting on May...

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Kenya central bank to hold rate-setting meeting on May 27

News Kenya central bank to hold rate-setting meeting on May 27

Kenya Central Bank Governor Patrick Njoroge arrives for a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. REUTERS-Stringer

The Kenyan central bank’s Monetary Policy Committee will hold its next rate-setting meeting on May 27, it said on Friday.

At its April meeting, the bank cut its benchmark lending rate to 7.0% from 7.25%, saying action to cushion the impact of the coronavirus was having an effect, but the bank needed to do more, due to the adverse economic outlook.

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