Kenya's central bank cuts interest rate to 8.5 pct

(Reuters) - Kenya's central bank said on Monday said it had cut its key CBR interest rate to 8.5 percent from 10 percent.

"The Monetary Policy Advisory Committee (MPAC) held its fifteenth meeting on Wednesday ... and advised the CBK (Central Bank of Kenya) to set the CBR at 8.5 percent," a weekly bulletin from the central bank said. "The Central Bank concurred with the recommendation."


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