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CBK Signals Drop In Cost Of Living, Retains Interest Rate At 10.5%

The Central Bank of Kenya Monetary Policy Committee (MPC) has retained the Central Bank rate (CBR), Kenya’s signal interest rate at 10.5%, citing a fairly stable inflation regime.

Central Bank Rate Retained At 7% To Keep Stimulating The Economy

The decision to keep the benchmark Central Bank Rate interest rate at 7% after the Monetary Policy Committee (MPC) on 28th July was largely based on the fact that leading indicators for Kenya’s economy point to a relatively strong GDP recovery in the first half of 2021, mainly supported by strong performance of construction, information and communication, education and real estate.

CBK Retains Benchmark Rate At 7%, Signaling Economic Recovery

Central Bank Rate: The Central Bank of Kenya has retained its benchmark rate at 7%, signaling confidence in the prevailing monetary policy as the economy struggles to bounce back from a slowdown caused by Covid-19 pandemic. The Monetary Policy Committee (MPC), which is tasked with...

Uhuru Throws Kenyans in the Sea of Banking Sharks

The Finance Act 2019, among other provisions, repeals section 33B of the Banking Act that provides for the capping of bank interest rates.

Central Bank Retains Benchmark Rate at 9%

Committee says it will continue to closely monitor developments in the global and domestic economy, including any perverse response to its previous decisions, and stands ready to take additional measures as necessary

MPC retains signal rate at 9%

The Monetary Policy Committee (MPC) on Monday voted to retain the Central Bank Rate (CBR) at 9.00, saying inflation expectations remained well anchored within the target range. But is said there is need to remain vigilant on possible spillovers of recent food and fuel...