Nairobi, June 11 -- The Central Bank of Kenya (CBK) on Wednesday held its monetary policy meeting, where it maintained its benchmark lending rate at 8.75 percent amid jitters about the impact of global oil prices on inflation.

The retention of the benchmark rate at a second CBK meeting in a row summed up the underlying uncertainty that characterises the monetary policy environment.

CBK Governor Kamau Thugge fielded questions on how the apex bank is navigating a policy landscape fraught with risks of large, unprecedented shocks, such as high oil prices. He also touched on 'house-keeping' issues aimed at improving the sustaiability of the banking sector.

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