NAIROBI， Nov. 28 (Xinhua) -- Kenya's central bank (CBK) on Monday retained the country's benchmark lending rate or the Central Bank Rate (CBR) at 10 percent to check domestic and global economic uncertainties as well as inflation.
The CBK's Monetary Policy Committee (MPC) said that inflationary pressures are mild and inflation will remain within the government target range in the short term.
"Following the introduction of interest rate caps on banks lending and deposits， the Committee noted that the available data were inadequate to facilitate a conclusive analysis of their impact on monetary policy and the overall economy，" it said in a statement issued in Nairobi.
The retention of the benchmark interest rate at 10 percent means maximum lending rate by commercial banks remains 14 percent， and minimum deposit remains 7 percent.
Month-on-month overall Consumer Price Index (CPI) inflation increased to 6.5 percent in October from 6.3 percent in September， largely due to changes in the prices of food items such as tomatoes and sugar.
According to the MPC， overall inflation remained within the government target range. Month-on-month non-food-fuel increased to 5.4 percent in October from 5.1 percent in September， reflecting increases in the prices of items in the clothing and footwear CPI category and the impact of excite tax introduced in December 2015.
The CBK Governor Dr. Patrick Njoroge said the performance of the economy in the second quarter was strong， growing by 6.2 percent compared to 5.9 percent in a similar period of 2015.
"While the non-bank private sector remains optimistic for higher growth in 2016， banks were cautious as they continue to monitor the potential impact of the capping of interest rates，" Njoroge said，
He said the foreign exchange market has been relatively stable despite the volatility in the global financial markets following the U.S. elections， and the seasonal increase in demand for foreign exchange by corporate to finance dividend payments.
"The account deficit is mainly due to power imported petroleum prices， lower imports of machinery and equipment， and resilient Diaspora remittance. Tourism earnings and export receipts from tea and horticulture have stabilized，" Njoroge said.
He said the CBK's forex reserves which currently stand at 7.31 billion U.S. dollars (4.8 months of import cover) together with the precautionary arrangements with the International Monetary Fund (equivalent to 1.5 billion dollars) have continued to provide adequate buffers against short-term shocks. Enditem
HANOI http://www.vapormaxwholesalechina.com/ , Sept. 24 (Xinhua) -- Vietnam is expected to see September inflation rate lowest in the past 15 years, according to General Statistics Office on Thursday.
Specifically, the country's Consumer Price Index, the main gauge of inflation nike air vapormax wholesale , is estimated to decrease by 0.21 percent in September compared to the previous month.
As a result, Vietnam is likely to see a 0.4-percent rise of inflation in nine-month period, the statistics office said on a monthly CPI report on its website.
Spending on new school year drives the price of education group up by 1.24 percent in September compared to the previous month, the highest level of price hike among the commodities in the CPI basket.
Four among the 11 commodity groups are estimated to see fall in prices nike vapormax 2018 wholesale , including food and foodstuff, housing and construction materials, transportation, as well as postal service and telecommunication.
In September nike vapormax shoes wholesale , the price of transportation group posts the sharpest fall of 3.17 percent over August due to recent petroleum price cut.
Though not included in CPI calculation, the prices of gold and U.S. dollar in September are likely to increase by 3.54 percent and 2.71 percent compared to the previous month, respectively.
Monthly CPI in Vietnam is calculated from the 15th day of the previous month to the 15th day of the reference month.
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BUENOS AIRES, Oct. 9 (Xinhua) -- The 2014 FIFA Club World Cup nike vapormax wholesale kids , to be held in Morocco, was ""never"" threatened by the Ebola outbreak in West Africa, the country's ambassador to Argentina said in an article published Thursday.
""The doubt only existed in the press. Neither (world soccer body) FIFA nor the organizers in Morocco ever had a doubt,"" ambassador Fouad Yazourh said in an interview in sports daily Ole.
""In fact nike vapormax wholesale mens , there have been no cases of Ebola in my country. There are cases some thousands of kilometers away. But people don't know geography,"" the envoy of the North African nation said.
Still, Yazourh tried to calm fears, saying ""in Morocco nike vapormax wholesale womens , we are taking preventive measures, due to the human ties we have with that geographic region, given that our airline is the only one that flies to those countries. And I repeat, we are taking steps so that no cases emerge in our country.""
According to the latest situation report from the World Health Organization (WHO) nike vapormax wholesale cheap , the outbreak continues to be largely confined to Guinea, Liberia and Sierra Leone.
Football fans traveling from Buenos Aires to Morocco to watch Argentine team San Lorenzo compete in the international event will not have to take any special health measures or steps of any kind, said the envoy.
The Club World Cup, which pits the champion teams from each of the six continental confederations nike vapormax wholesale china , takes place Dec. 10 to 20 in the cities of Marrakesh and Rabat.
Teams that have already qualified include Spain's Real Madrid, Argentina's San Lorenzo, Mexico's Cruz Azul, Australia's Auckland City and the host country's Moghreb Tetouan.
The team representing Asia has yet to de defined.
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