Kenya central bank holds benchmark lending rate at 10.0pc

NAIROBI: Kenya's central bank will hold its benchmark lending rate at 10.0 percent, amid mild inflationary pressures and a strong economy, the bank said in a statement on Monday.

The bank said that private sector credit growth had stabilised at 4.6 percent in October, and that banking system liquidity had stabilised following the introduction of interest rate caps.

The economy was also performing strongly at 6.2 percent in the second quarter of 2016, the bank said in a statement.