Source link : https://www.afric.info/2024/10/14/news/kenyan-shilling-gains-17-percent-as-central-bank-cuts-interest-rates/
TLDR Kenyan shilling appreciates 17% to reach 129 KES per dollar by October 2024 following Central Bank interest rate cuts. Inflation dropped to 3.6% in September from 4.4% in August, per Kenya National Bureau of Statistics. CBK reduces benchmark rate from 13% to 12% to stimulate private sector lending and investment. The Kenyan shilling has […]
—-
Author : AFRICA-NEWS
Publish date : 2024-10-14 14:24:59
Copyright for syndicated content belongs to the linked Source.