Business NewsCentral Bank of Kenya’s Monetary Policy Committee will hold its next rate-setting meeting on June 30, it said on Tuesday. The Central Bank of Kenya’s Monetary Policy Committee will hold its next rate-setting meeting on June 30, it said on Tuesday. Policymakers kept benchmark lending rate at 7.0 per cent unchanged at their last meeting on May 27. At its March meeting the committee reduced the amount of cash that lenders are required to set aside, unlocking Sh35.2 billion for lending. “As at May, 82.6 per cent of the funds (or 29.1 billion) has been channeled to support lending, especially to the tourism, transport and communication, real estate, trade and agriculture sectors,” the committee said.

Source: Standard Digital June 09, 2020 08:11 UTC