NAIROBI (Reuters) – Kenya’s shilling was stable against the U.S. dollar on Wednesday, LSEG data showed.
At 0807 GMT, the shilling traded at 129.00/130.00 per dollar, the same as Tuesday’s closing rate.
On Tuesday the central bank lowered its benchmark lending rate to 12.75% from 13.00% previously, saying there was scope to ease policy gradually as inflation had fallen below the midpoint of its target range.
(Reporting by George Obulutsa; Editing by Alexander Winning)
