Kenya Central Bank holds key lending rate at 8.5pc

Central Bank of Kenya building in Nairobi. Photo/FILE 

By REUTERS

In Summary

• Kenya's central bank held its key lending rate at 8.5 per cent on Wednesday.
• Kenya's inflation rate rose to 8.36 per cent in August, its highest level since June 2012.

Kenya's central bank held its key lending rate at 8.5 per cent on Wednesday, saying there was no fundamental pressure on inflation.

Kenya's inflation rate in August rose to 8.36 per cent in August from 7.67 per cent in the previous month, its highest level since June 2012