CBK interest rates Stories
According to data published by the Central Bank of Kenya (CBK), the average overall lending rate across 38 commercial banks dropped slightly to 15.78...
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...
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.
In the first year of implementation, CBK plans to set the rate at 0.6 per cent.
The projection is pegged on the move by the United States central banking system, the Federal Reserve, to enact the third consecutive interest rate cu...
The KBA noted that inflation has remained low, and the economy is stable, making it an opportune time for the CBK to cut its benchmark rate.
Experts argue that the venture is often appealing because it typically comes with lower or no interest rates compared to formal loans from banks.
