Reuters logo
Kenya cuts key lending rate 150 bps to 9.5 pct
January 10, 2013 / 12:51 PM / 5 years ago

Kenya cuts key lending rate 150 bps to 9.5 pct

NAIROBI, Jan 10 (Reuters) - Kenya’s central bank cut its benchmark lending rate to 9.5 percent from 11 percent previously to raise the level of lending to the private sector, the bank said on Thursday.

A Reuters poll of 11 analysts had forecast that the bank would cut the rate by a median one percentage point to 10 percent. (Reporting by Duncan Miriri; Editing by George Obulutsa)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below