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CBK Retains Lending Rate at 18%

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Published on Feb 1, 2012

The Central Bank has retained its benchmark lending rate at 18% after the rate of inflation eased slightly from 18.92% in December to 18.31% in January. The Bank's Monetary Policy Committee which held its review meeting this Wednesday, says the measure was taken to allow time for its tightening policy to further reduce the amount credit available to the private sector and achieve the desired results on inflation. Henry Githaiga has that story.

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