Lending Rates

5 Articles
File image of President William Ruto
BUSINESS

Ruto Urges Banks to Cut Lending Rates as Borrowing Costs Remain High

President William Ruto has asked commercial banks to bring down lending costs, saying the country's economic recovery should create better financing opportunities for...

CBK
BUSINESS

CBK Holds Lending Rate at 8.75% Despite Rising Inflation

The Central Bank of Kenya (CBK) has kept its benchmark lending rate unchanged at 8.75 per cent, choosing to support economic growth and...

Raimond Molenje, CEO, Kenya Bankers Association
BUSINESS

Bankers Push CBK to Hold Rates Steady Amid Rising Global Risks

Commercial banks are urging the Central Bank of Kenya (CBK) to hold its key lending rate steady, warning that the economy is facing...

CBK Governor Dr Kamau Thugge
BUSINESS

CBK Slashes Lending Rate to 9.25% in Boost for Borrowers and Businesses

The Central Bank of Kenya (CBK) has lowered its benchmark lending rate in a move aimed at boosting private sector lending and supporting...

Central Bank of Kenya (CBK) Governor Patrick Njoroge.
BUSINESSECONOMY

Brace For Expensive Loans As CBK Lifts Freeze On Costs

The Central Bank of Kenya (CBK) has lifted the freeze on loan costs cap, spelling the beginning of expensive loans. As a result,...