Bankers Issue Fresh Demand to CBK Over Loan Interest Rates

Should the central bank heed the bankers' request, Kenyans will continue accessing cheaper loans with stable borrowing costs for the next two months...

✨ Key Highlights

The Kenya Bankers Association (KBA) has formally requested the Central Bank of Kenya (CBK) to maintain the benchmark lending rate at 8.75% during its upcoming Monetary Policy Committee meeting on August 11.

The KBA believes holding the rate steady will support private sector credit and stabilize the Kenyan shilling.
Key organization involved: Kenya Bankers Association (KBA).
Inflation remains within the CBK's target range, increasing only slightly to 6.5% in July.

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