kenya interest rate Stories

Kenya Bankers Association urges CBK to lower rates to make loans cheaper
Lucy Mumbi  |  Dec 02, 2024

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.

Government interest payments rise to Sh622.5 billion due to high borrowing costs
Lucy Mumbi  |  Oct 06, 2024

Data from the National Treasury show this raised the total amount the government pays in interest to Sh622.5 billion, compared to Sh533.1 billion in t...

What benchmark US Fed rate cut means for Kenya's economy and consumers
Alfred Onyango  |  Sep 19, 2024

Apex banks globally use the interest rates as either a gas pedal or a brake on the economy when needed.

Fear of crop failure, auction discourages farmers from taking loans- survey
Saleem Abdi  |  Feb 11, 2024

Banks and other lenders have been increasing interest rates on loans as the CBK keeps raising the benchmark lending rate,

Kenya will be able to repay $2 billion eurobond, CBK says
Agency  |  Feb 08, 2024

Central Bank of Kenya Governor Kamau Thugge had acknowledged concerns about the country's ability to repay the 10-year Eurobond when it matures in Jun...

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