CBK benchmark rate Stories

Financial institutions are updating their contracts and improving monitoring systems to protect themselves from growing risks related to external serv...

Foreign exchange reserves were reported at $10,749 million (Sh1.39 trillion), equivalent to 4.7 months of import cover.

The GDI platform will enhance oversight of public funds by giving CBK the ability to proactively monitor county account balances and transactions on s...

This loophole has led to a sharp increase in county accounts at commercial banks. A recent report by Controller of Budget Margaret Nyakango revealed t...

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.

In the first year of implementation, CBK plans to set the rate at 0.6 per cent.

This change comes in response to pressure from the banking regulator, signalling a potential shift in the lending landscape.