lending rates Stories

Banks face crackdown as CBK pushes for lower lending rates
Maureen Kinyanjui  |  Mar 26, 2025

CBK Governor Kamau Thugge revealed that the regulator has initiated onsite inspections to ensure banks reduce their lending rates in line with the low...

CBK proposes new license fee structure for banks
Alfred Onyango  |  Mar 11, 2025

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

Economy recovery to double lending to small businesses, experts say
Alfred Onyango  |  Feb 22, 2025

The Central Bank of Kenya (CBK) early this month scaled down its base lending rate by 0.5 per cent to 10.75 per cent.

Central Bank of Kenya warns of hefty fines for banks will not reduce lending rates
Maureen Kinyanjui  |  Feb 06, 2025

This announcement follows the CBK's latest reduction of its benchmark lending rate by 50 basis points, bringing it to 10.75 per cent from 11.25 per ce...

CBK cuts interest rate and cash reserve ratio to stimulate lending
Lucy Mumbi  |  Feb 05, 2025

The bank has pledged to monitor the impact of these policy changes closely and take further action if necessary.

Registration of new business ventures drops 7.6pc as investors hold back
Maureen Kinyanjui  |  Feb 05, 2025

The data reflects a challenging business environment in a year marked by higher taxes and rising lending rates.

Relief for borrowers as Kenyan banks reduce lending rates after CBK push
Maureen Kinyanjui  |  Jan 30, 2025

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

From Gen Z protests to shilling's performance: What shaped Kenya in 2024
Alfred Onyango  |  Dec 31, 2024

The year 2024 experienced a series of interest rate hikes on loans, a crucial go-to remedy by households in times of constrained disposable incomes su...

Relief for Kenyan consumers as benchmark lending rate expected to be slashed again
Alfred Onyango  |  Dec 27, 2024

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...

High loan interest rates push more Kenyans to local credit arrangements
Alfred Onyango  |  Oct 29, 2024

Experts argue that the venture is often appealing because it typically comes with lower or no interest rates compared to formal loans from banks.

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.

Cost of borrowing between banks drops to six-month low on CBK’s reforms
Alfred Onyango  |  Jun 19, 2024

Early this month, the CBK made some adjustments to the framework, tightening the gap between the interbank rates and the CBR.

CBK on course to level interbank rate with Central Bank Rate to ease cost of credit
Alfred Onyango  |  Jun 10, 2024

As part of new reforms, the Central Bank of Kenya says interbank lending rates are expected to stay under 1.5 per cent of the current Central Bank Rat...

High lending rates expected to slow private sector credit growth - CBK survey
Bashir Mohammed  |  Apr 21, 2024

The survey found that high lending rates and tight credit underwriting are reducing the demand and uptake of new facilities.

Banks plan to limit lending this year for fear of defaults
Saleem Abdi  |  Feb 10, 2024

More banks said demand for credit this month and March is expected to be higher than it was in December and January.

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