Kenya central bank governor sees economic growth at 5.8% for 2023

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30-03-2023 | 05:14
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Kenya central bank governor sees economic growth at 5.8% for 2023
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Kenya central bank governor sees economic growth at 5.8% for 2023

Kenya Central Bank Governor Patrick Njoroge on Thursday said he expected the country's economy to grow 5.8% in 2023, from 5.6% in 2022.

On Wednesday, the central bank raised its benchmark lending rate (KECBIR=ECI) to 9.50% from 8.75% previously and said there was room for further tightening of monetary policy in anticipation of higher inflation.

Reuters 
 

Kenya

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