Central Bank Rate Stories
Commercial banks argue that low inflation, a stable exchange rate and strained private sector credit make a strong case for further easing of the Cent...
Only six institutions: Citibank N.A. Kenya, Absa Bank Kenya, Credit Bank, Standard Chartered Bank Kenya, Stanbic Bank Kenya and Victoria Commercial Ba...
Although the Fed rate directly sets short-term borrowing costs for banks, its effects spill over into mortgages, auto loans, and credit cards across t...
The Kenya Bankers Association (KBA) linked the latest decline to challenging economic conditions and an unstable macroeconomic environment.
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...
In its proposal, CBK has emphasised the importance of operationalising policy decisions through tools like the interbank rate to ensure stronger trans...
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...
This is a 75 Basis Points slash, a larger cut compared to August's review when the apex bank lowered the benchmark lending rate by 25 basis points fro...
