CBK interest rates Stories
The data shows that interest income from MSME loans increased from Sh79.1 billion in 2022 to Sh91.8 billion in 2024, marking a 16 per cent jump.
The survey, which runs until July 15, 2025, seeks input from customers of commercial banks, mortgage finance institutions, microfinance banks and the...
While 71 per cent of digital lenders screen their customers against global sanctions lists and 62.7 per cent offer some form of staff training, only 4...
An analysis of data from the Central Bank of Kenya (CBK) shows the Kenyan shilling closed the first quarter of 2025 with a 14 per cent year-on-year ga...
The move follows a series of benchmark rate cuts by CBK over the past year and a half, including the latest reduction in June, which brought the Centr...
According to the Auditor General’s report, of the Sh22.96 billion allocated to the Hustler Fund in the 2022/2023 budget, only Sh12 billion was spent.
The Auditor General’s report has exposed major gaps in the management of the fund, showing the State Department for Cooperatives only spent Sh12 billi...
The CBK survey shows that 54 per cent of farmers said high interest rates were the main reason they couldn’t access credit, up from 38 per cent in Mar...
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.
Data from the Kenya National Bureau of Statistics shows that 782,300 new jobs were created in 2024, a drop from 848,100 the year before.
The Agriculture Sector Survey released on Tuesday, June 17, notes that while cereal products will see price hikes, some fast-maturing vegetables are p...
Data by the Central Bank of Kenya shows that Kisumu borrowed Sh1.68 billion from Kenya Commercial Bank (KCB) to support operations and pay salaries.
According to CBK, Kenya’s overall inflation dropped to 3.8 per cent in May 2025, down from 4.1 per cent in April, remaining below the mid-point of the...
Auditor General Nancy Gathungu told MPs that there was no proof the borrowers were untraceable or incapable of repayment, raising concerns about trans...
Dr Thugge acknowledged the shortcomings of his report and accepted responsibility for the oversight. He assured the committee that he would address th...
In a statement on Thursday, CBK said the approvals are part of an ongoing review of over 700 applications it has received since March 2022.
The CBK survey revealed that banks plan to ramp up loan recovery efforts in eight of the 11 economic sectors and maintain the current pace in the rema...
CBK currently has 1,311 employees. Of these, 325 are Kikuyu and 258 are Kalenjin. Luo staff number 139, followed by Kamba (123), Luhya (113), Kisii (9...
In its proposal, CBK has emphasised the importance of operationalising policy decisions through tools like the interbank rate to ensure stronger trans...
Notably, the gloomy employment outlook is against the backdrop of recent reports of recovery in the country’s macroeconomic environment and declining...
The push seeks to disclose data under the International Financial Reporting Standards (IFRS) S1 and S2, steered by the Kenya Bankers Association (KBA)...
The banks argue that after interest rate caps were introduced on interbank lending, the use of this rate as a base would be more responsive to market...
The proposal comes amid a growing trend of businesses prominently displaying signs that read, “we are cashless” or “we only accept cards,” effectively...
Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital thres...
This is an improvement from the Sh162.3 billion recorded during a similar period in 2023, underlining the sector’s ability to withstand economic press...
Data from the Central Bank of Kenya (CBK) shows that February recorded the slowest increase in remittance flows for the quarter, compared to the other...
The CBK is determined to ensure that the reductions in the central bank rate benefit the broader economy, particularly in the private sector.
The slash is a 75 basis points cut and the fifth consecutive one from the decade high rate of 13 percent.
In the first year of implementation, CBK plans to set the rate at 0.6 per cent.
Findings indicate that thousands of borrowers were either below the legal age of 18 or had not yet been born when the funds were disbursed.
