Business & Finance
Kenyan central bank raises CBR by 75 bps to 7.0pc
NAIROBI : Kenya 's central bank raised its benchmark interest rate (CBR) by 75 basis points to 7.0 percent on Wednesday
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The committee said its main objective was to bring inflation down to target level, adding that central bank was ready to take action to ease pressure on the battered shilling .
Copyright Reuters, 2011