UPDATE 2-Kenya central bank cuts rates sharply, lowers banks’ cash ratio
Kenya’s central bank on Monday
cut its benchmark lending rate by a larger-than-expected 100
basis points and reduced the cash holdings requirements for
banks to cushion the economy from the impact of the coronavirus.
cut its benchmark lending rate by a larger-than-expected 100
basis points and reduced the cash holdings requirements for
banks to cushion the economy from the impact of the coronavirus.
Posted by Reuters
