Attacks on tankers in Hormuz hit highest of any week since start of Iran war, sources say
By Marcus Chen
KFGO
Advertisement
NAIROBI, Oct 7 (Reuters) Kenya s central bank maintained its benchmark lending rate at 8.75%, it said on Wednesday after a meeting of its Monetary Policy Committee. • It was the fourth policy meeting in a row that the Central Bank of Kenya has kept the rate unchanged. • A Reuters poll of 11 economists had nine predicting a hold, while two had predicted a raise to 9.0%. • Kenya s inflation rose to 6.8% year-on-year in September from 6.6% a month earlier, moving closer to the upper end of the government s preferred 2.5%-7.5% range. • Inflation is expected to remain within the target range in the near term, the bank said in a statement. (Reporting by George Obulutsa;Editing by Alexander Winning)
Advertisement