Kenya: Bankers Urge CBK to Hold Interest Rates Ahead of February MPC Meeting

The Kenya Bankers Association has warned that it is in the country’s best interest for the Central Bank of Kenya (CBK) to maintain its current monetary policy when the Monetary Policy Committee (MPC) meets on Tuesday, February 10. 

In a statement barely a day before the MPC meeting, the banking industry representatives urged the CBK to maintain the current benchmark lending rate of 9 per cent to support the continued decline in lending rates and ensure a smooth transition to the risk-based…