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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...

Millions of Kenyans Struggling to Pay Loans Face CRB Monster

According to the survey 10% of households reported they are unable to service loans at all, with another 13.6% falling behind in payments.

CBK, Confident With Previous Cuts, Retains Signal Rate at 7%

The Monetary Policy Committee (MPC), the policy-formulating organ of the Central Bank of Kenya, met on 29th September, 2020.

Banks Restructure Sh1.12trn Worth of Loans in Six Months

Of the Ksh1.12 trillion, personal/household loans amounting to Ksh271 billion or 33 percent of the gross loans to this sector had their tenors extended

Banks Restructure Sh679bn Worth of Loans

CBK locks base lending rate at 7.00%, to reconvene within a month