Christmas comes early for borrowers as banks cut loan rates

Kenyan borrowers are set to benefit from reduced loan rates as three major banks, including Equity Group and KCB Group, have cut their base lending rates following a directive from the Central Bank of Kenya (CBK). This move aims to boost consumer spending ahead of the upcoming Christmas and New Year holidays.

Thugge dismisses claims of forex intervention as shilling holds at Sh129

Kenya's Central Bank Governor Kamau Thugge has refuted claims of intervening in the foreign exchange market, asserting that the shilling's recent stability against the US dollar is a result of improved economic fundamentals.

Why CBK has cut key rate ahead of festive season

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate ahead of the festive season to stimulate credit growth and support the economy. This decision was made during the Monetary Policy Committee (MPC) meeting.

CBK cuts key rate to spur festive season lending

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate in an effort to boost credit flow to businesses and households during the upcoming Christmas season, banking on sustained low inflation.

NTV Business News | Edible prices rise as demands grow; CBK lowers lending rates

CBK cuts lending rate to 9pc to spur credit uptake

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9 percent, aiming to boost credit uptake and economic activity. This marks the second consecutive rate cut as Kenya's economy shows signs of stabilization.