NAIROBI, May 31 – Kenya raised its benchmark lending rate by a smaller-than-expected 25 basis points on Tuesday but also raised the amount of deposits banks must hold with the central bank in a bid to tame double-digit inflation.
NAIROBI, May 31 – Kenya raised its benchmark lending rate by a smaller-than-expected 25 basis points on Tuesday but also raised the amount of deposits banks must hold with the central bank in a bid to tame double-digit inflation.