Central Bank of Kenya governor Patrick Njoroge during an interview on October 26, 2020. [David Gichuru,Standard]Kenya’s economy shook off the adverse effects of Covid-19 to post recovery in the first half of the year, the Central Bank of Kenya (CBK) said yesterday. MPC has for the ninth consecutive time retained the Central Bank Rate - the benchmarking rate at which the apex bank lends to financial institutions at seven per cent. There were also efforts to vaccinate the population to enable the society and economy to return to normalcy. The economy contracted in the second and third quarters of last year, with the National Treasury estimating that it grew by 0.6 per cent in 2020.

Source: Standard Digital July 28, 2021 21:00 UTC