Key facts
- The Central Bank of Kenya kept its benchmark lending rate unchanged at 8.75%.
- This marks the fourth consecutive policy meeting where the rate has remained steady.
- Inflation in Kenya rose to 6.8% year-on-year in September, up from 6.6% in August.
- The current inflation rate is nearing the upper limit of the government's preferred range of 2.5%-7.5%.
- The bank anticipates inflation will stay within the target range in the near term.
NAIROBI, Oct 7 (Reuters) - Kenya's central bank maintained its benchmark lending rate at 8.75% on Wednesday, marking the fourth consecutive policy meeting where the rate has remained unchanged. The decision by the Monetary Policy Committee followed a Reuters poll of 11 economists, where nine predicted a hold and two had anticipated a raise to 9.0%.