The MPC committee maintains Central Bank rate at 10.5%

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    The National Treasury has revised its local borrowing to fund the 2023/2024 budget from Ksh 586.5 billion to Ksh 316 billion which is expected to reduce pressure on the local market. According to CBK governor Dr Kamau Thugge the National treasury has identified concessional and non-concessional funding from multilateral lenders such as the IMF to bridge the funding gap