base lending rate Stories
Kindiki said it showed that the country is beginning to overcome a decade of high interest rates that had weakened household incomes, slowed down priv...
New operating window will span from 7:00 am to 7:00 pm on all business days, four hours longer than the current schedule of 8:30 am to 4:30 pm.
The slash is a 75 basis points cut and the fifth consecutive one from the decade high rate of 13 percent.
The Central Bank of Kenya (CBK) early this month scaled down its base lending rate by 0.5 per cent to 10.75 per cent.
The bank has pledged to monitor the impact of these policy changes closely and take further action if necessary.
The year 2024 experienced a series of interest rate hikes on loans, a crucial go-to remedy by households in times of constrained disposable incomes su...
Experts argue that the venture is often appealing because it typically comes with lower or no interest rates compared to formal loans from banks.
Apex banks globally use the interest rates as either a gas pedal or a brake on the economy when needed.
