Kenya Cuts Key Rate for Sixth Time in Row to Boost Its Economy
Kenya's central bank cut its benchmark interest rate for the sixth time in a row to help shore up the economy as inflation remained benign.
The monetary policy committee lowered the key rate to 9.75% from 10%, Governor Kamau Thugge said in an emailed statement on Tuesday. The median estimate of five economists in a Bloomberg survey was for a 50 basis point cut.
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