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.

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...

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

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

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

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