Kenya's central bank raises benchmark rate to 8.25 pct

NAIROBI, Sept. 29 (Xinhua) -- The Central Bank of Kenya (CBK) on Thursday raised its benchmark lending rate from 7.50 percent to 8.25 percent amid rising inflation.

CBK Governor Patrick Njoroge, who chaired the Monetary Policy Committee (MPC) meeting in Nairobi, Kenya's capital, noted that sustained inflationary pressures on the domestic economy mean that there was scope for tightening of the monetary policy to