lending rate Stories
This marks the seventh consecutive rate cut from the historic peak of 13.0 per cent, as the regulator reaffirms its commitment to boosting economic ac...
Financial institutions are updating their contracts and improving monitoring systems to protect themselves from growing risks related to external serv...
New operating window will span from 7:00 am to 7:00 pm on all business days, four hours longer than the current schedule of 8:30 am to 4:30 pm.
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 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...
The slash is a 75 basis points cut and the fifth consecutive one from the decade high rate of 13 percent.
CBK Governor Kamau Thugge revealed that the regulator has initiated onsite inspections to ensure banks reduce their lending rates in line with the low...
In the first year of implementation, CBK plans to set the rate at 0.6 per cent.
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.
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...
The bank has pledged to monitor the impact of these policy changes closely and take further action if necessary.
The data reflects a challenging business environment in a year marked by higher taxes and rising lending rates.
This change comes in response to pressure from the banking regulator, signalling a potential shift in the lending landscape.
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...
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...
Experts argue that the venture is often appealing because it typically comes with lower or no interest rates compared to formal loans from banks.
Apex banks globally use the interest rates as either a gas pedal or a brake on the economy when needed.
Early this month, the CBK made some adjustments to the framework, tightening the gap between the interbank rates and the CBR.
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...
The survey found that high lending rates and tight credit underwriting are reducing the demand and uptake of new facilities.
