NAIROBI: Kenya’s shilling was stable against the US 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.

Kenyan shilling strengthens with expected gains from tea sector FX inflows

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.